Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights

Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights

Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights Singtel

  • Singapore’s largest mobile telecommunications company Singtel has announced attaining 1.1Gbps speeds on its 4G LTE network during a trial of licensed-assisted access (LAA) technology with Ericsson.
  • The test, which took place in Singtel’s lab, utilised 4×4 Multiple-Input Multiple-Output (4×4 MIMO) and 256 Quadrature Amplitude Moderation (256 QAM) technology, and Ericsson’s Radio 2203 and Radio 2205 devices.
  • Four layers with 4×4 MIMO on licensed spectrum were used in combination with two layers on a second licensed band, and 2x three layers of LAA with unlicensed spectrum.
  • Ericsson used a Cobham TM500 test device for the lab trials.
  • Singtel CTO Mark Chong said the telco is now positioned to deploy LAA technology

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 stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 3.75.

The projected upper bound is: 3.85.

The projected lower bound is: 3.74.

The projected closing price is: 3.79.

SINGTEL closed unchanged at 3.790. Volume was 19% below average (neutral) and Bollinger Bands were 16% wider than normal.

Open        High       Low           Close         Volume
3.790       3.790       3.770        3.790        15,355,300

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

Moving Averages: 10-period          50-period          200-period
Close:                       3.77                    3.73                    3.79
Volatility:                8                          9                         11
Volume:                  18,266,534        20,324,610        20,463,520

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 0.1% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 4 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 68.7500. This is not an overbought or oversold reading. The last signal was a sell 2 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 61.70. 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 70 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 78. This is not a topping or bottoming area. 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 buy 11 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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