Singapore Technologies Engineering HEFFX Highlights

Singapore Technologies Engineering HEFFX Highlights

Singapore Technologies Engineering Ltd is an investment holding company. The Company is engaged in the provision of engineering and related services. It operates in four segments: Aerospace, which provides a range of maintenance and engineering services that include airframe, repair and overhaul, engine and component maintenance, and engineering design and technical services; Electronics, which specializes in the design, development and integration of electronics and communications systems, e-government solutions, modeling and simulation, training services, real-time command and control, and information security, among others; Land Systems, which provides design and engineering services, manufacture, sales and knowhow transfer of military and commercial vehicles, ammunition and explosives, and Marine, which provides building, repair and conversion services for a range of naval and commercial vessels, and engineering content ship repair and ship conversion services, among others.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 3.71.

The projected upper bound is: 3.99.

The projected lower bound is: 3.79.

The projected closing price is: 3.89.

SINGAPORE TECH closed down -0.010 at 3.890. Volume was 64% above average (neutral) and Bollinger Bands were 13% wider than normal.

OpenHighLowCloseVolume
3.883.913.873.895,938,200

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages:10-period50-period200-period
Close:3.853.773.55
Volatility:251722
Volume:4,189,2503,854,6043,715,647

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

SINGAPORE TECH is currently 9.6% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into STEG.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on STEG.SI and have had this outlook for the last 15 periods.

Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 74.0000. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 61.23. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 200 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 151.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 1 period(s) ago.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 2 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 18 black candles for a net of 4 white candles.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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