StarHub Ltd. (SGX:CC3) HEFFX Highlights

StarHub Ltd. (SGX:CC3) HEFFX Highlights

StarHub Ltd. (SGX:CC3) HEFFX Highlights

  • Telco StarHub and telecomms firm Nokia will co-develop and launch commercial Internet of Things (IoT) applications and services here.
  • The companies will devise applications for connected living, vehicles and buildings with an eye to offering commercial services to customers in the first quarter of next year.
  • Smart parking, environmental sensors and video analytics are areas that Nokia will support telco StarHub in developing under a memorandum of understanding signed yesterday
  • The Finnish company will also help promote IoT technology through developer outreach programmes and participation in IoT-related events.

StarHub Ltd is a Singapore-based info-communications company. The Company engaged in operation and provision of telecommunications services and other businesses relating to the info-communications industry. The Company offers a range of information, communications and entertainment services for both consumer and corporate markets. It delivers Mobile, Pay television, Broadband, Fixed network services and equipment sales on an operationally integrated network. It operates a mobile network that provides fourth-generation (4G), third-generation (3G) and second-generation (2G) services. It also manages an islandwide Hybrid Fiber Coaxial (HFC) network that delivers television services and cable broadband services. The Company offers a range of home and business multimedia services and content.

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 2.73.

The projected upper bound is: 2.95.

The projected lower bound is: 2.80.

The projected closing price is: 2.88.

STARHUB closed up 0.010 at 2.870. Volume was 18% above average (neutral) and Bollinger Bands were 84% wider than normal.

Open        High        Low          Close       Volume
2.860       2.870       2.820       2.870       3,325,400

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

Moving Averages: 10-period          50-period         200-period
Close:                       2.84                   2.70                   2.74
Volatility:                17                        18                      16
Volume:                   2,590,060        2,790,610        3,497,189

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
STARHUB is currently 4.9% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into STAR.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on STAR.SI and have had this outlook for the last 48 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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 100.0000. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 10 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 67.41. 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 10 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 107.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 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.

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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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