Singapore Technologies Engineering Ltd (SGX:S63) Trading Outlook

Singapore Technologies Engineering Ltd (SGX:S63) Trading Outlook

Singapore Technologies Engineering Ltd (SGX:S63) Trading Outlook

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 3.30.

The projected lower bound is: 3.13.

The projected closing price is: 3.22.

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.

ST ENGRG closed down -0.020 at 3.220. Volume was 9% below average (neutral) and Bollinger Bands were 56% narrower than normal.

Open       High       Low        Close       Volume
3.240      3.250      3.210      3.220      3,879,600

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

Moving Averages: 10-period        50-period        200-period
Close:                       3.24                  3.35                  3.60
Volatility:                14                      16                      17
Volume:                  3,389,670        4,674,754        3,789,539

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
ST ENGRG is currently 10.5% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume out of STEG.SI (bearish). Our trend forecasting oscillators are currently bearish on STEG.SI and have had this outlook for the last 20 periods.

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 59.2593. This is not an overbought or oversold reading. The last signal was a buy 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 37.21. 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 2 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 -85. This is not a topping or bottoming area. The last signal was a buy 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 buy 2 period(s) ago.

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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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