Singapore Telecommunications HEFFX Highlights

Singapore Telecommunications HEFFX Highlights

Singapore Telecommunications Limited is a communications company. The Company is engaged in the operation and provision of telecommunications systems and services, and investment holding. In addition, it offers Internet services and also holds frequency spectrum and license rights to install, operate and maintain mobile communication systems and services, including wireless broadband systems and services. It operates in three segments: Group Consumer, Group Enterprise and Group Digital Life. The Group Consumer segment comprises the consumer businesses across Singapore and Australia, as well as the Company’s investments in Thailand, India, Africa, South Asia, Philippines and Indonesia. The Group Enterprise segment comprises the business groups across Singapore, Australia, the United States, Europe and the region. The Group Digital Life segment focuses on using the Internet technologies and assets of the Company’s operating companies by entering adjacent businesses.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 3.05.

The projected upper bound is: 3.24.

The projected lower bound is: 3.10.

The projected closing price is: 3.17.

SINGTEL closed up 0.010 at 3.170. Volume was 14% above average (neutral) and Bollinger Bands were 59% wider than normal.

OpenHighLowCloseVolume
3.193.23.173.1719,246,700

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

Moving Averages:10-period50-period200-period
Close:3.113.0311.27
Volatility:141520
Volume:18,011,75016,873,26418,516,536

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

SINGTEL is currently 2.4% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into STEL.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on STEL.SI and have had this outlook for the last 9 periods. Our momentum oscillator is currently indicating that STEL.SI is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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 85.0000. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 5 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 71.52. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 69 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 154.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 5 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 21 period(s) ago.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 21 white candles and 14 black candles for a net of 7 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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