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 trending.

The projected upper bound is: 4.28.

The projected lower bound is: 4.11.

The projected closing price is: 4.20.

SINGAPORE TECH closed down -0.030 at 4.190. Volume was 2% above average (neutral) and Bollinger Bands were 38% narrower than normal.

Open     High      Low     Close     Volume
4.220    4.220    4.170    4.190   4,706,400

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period     50-period     200-period
Close:              4.27           4.16           3.79
Volatility:           13             13             20
Volume:        3,274,610      4,418,340      4,040,657

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 10.6% above its 200-period moving average and is in an downward 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 volume flowing into and out of STEG.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on STEG.SI and have had this outlook for the last 2 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 11.1111. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 11 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 42.78. 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 sell 11 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 -253.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 2 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 sell 11 period(s) ago.

Candlesticks

A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candles. During the past 50 bars, there have been 27 white candles and 17 black candles for a net of 10 white candles.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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