Singapore Technologies Engineering Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Singapore Technologies Engineering Ltd stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
No changes to the price of Singapore Technologies Engineering Ltd stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 1.62% from a day low at S$4.32 to a day high of S$4.39. The price has risen in 6 of the last 10 days and is up by 7.18% over the past 2 weeks.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at S$4.33 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.29% during the next 3 months and, with a 90% probability hold a price between S$4.18 and S$4.52 at the end of this 3-month period.
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S63.SI Signals & Forecast
The Singapore Technologies Engineering Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at S$4.16 and S$4.11. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Tuesday, February 13, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, February 13, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Singapore Technologies Engineering Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at S$4.04 and S$4.03. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Singapore Technologies Engineering Ltd finds support just below today's level at S$4.04. If this is broken, then the next support from accumulated volume will be at S$4.03 and S$4.02.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved S$0.0700 (1.62%) between high and low. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: S$4.17 (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (S63.SI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Singapore Technologies Engineering Ltd to open at S$4.35, and during the day (based on 14 day Average True Range), to move between S$4.26 and S$4.40, which gives a possible trading interval of +/-S$0.0733 (+/-1.69%) up or down from last closing price. If Singapore Technologies Engineering Ltd takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ S$4.04, some S$0.290 (6.70%) from the current price of S$4.33, our system finds the risk reward attractive.
Is Singapore Technologies Engineering Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Singapore Technologies Engineering Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.251 Buy Candidate Upgraded
Predicted Opening Price for Singapore Technologies Engineering Ltd of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
S$4.35 ( 0.385%) | S$4.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for S63.SI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.42 | 2.00% |
R2 | 4.39 | 1.38% |
R1 | 4.37 | 1.00% |
Price | 4.33 | |
S1 | 4.32 | -0.233% |
S2 | 4.30 | -0.614% |
S3 | 4.28 | -1.23% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 4.33 | |
S1 | 4.04 | -6.70% |
S2 | 4.03 | -6.93% |
S3 | 4.02 | -7.16% |
S63 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 21, 2024 | May 21, 2024 | Jun 05, 2024 | S$0.0400 | 0.99% |
2 | Apr 30, 2024 | Apr 30, 2024 | May 14, 2024 | S$0.0400 | 0.95% |
3 | Nov 20, 2023 | Nov 20, 2023 | Dec 01, 2023 | S$0.0400 | 1.07% |
4 | Aug 21, 2023 | Aug 21, 2023 | Aug 31, 2023 | S$0.0400 | 1.05% |
5 | May 23, 2023 | May 23, 2023 | Jun 06, 2023 | S$0.0400 | 1.09% |
FAQ
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