Singapore Telecommunications Limited HEFFX Highlights

Singapore Telecommunications Limited HEFFX Highlights

Singapore Telecommunications Limited (SGX:Z74), a large-cap worth S$50b, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to their strong balance sheet and high market liquidity, meaning there are an abundance of stock in the public market available for trading. These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates. Assessing the most recent data for Z74, I will take you through the key ratios to measure financial health, in particular, its solvency and liquidity.

Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 3.16.
The projected lower bound is: 2.98.
The projected closing price is: 3.07.

Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 1 black candles for a net of 5 white candles. During the past 50 bars, there have been 25 white candles and 16 black candles for a net of 9 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.

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 92.3077. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 27 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 59.61. 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 33 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 111.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 3 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 0 period(s) ago.

SINGTEL closed up 0.010 at 3.070. Volume was 9% below average (neutral) and Bollinger Bands were 48% narrower than normal.

Open High Low Close Volume
3.050 3.070 3.040 3.070 15,859,200

Technical Outlook
Short Term: N/A
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 3.03 3.01 3.14
Volatility: 14 19 20
Volume: 16,450,630 17,088,436 19,592,174

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% below 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 volume flowing into and out of STEL.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on STEL.SI and have had this outlook for the last 25 periods.

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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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