Overview of Seatrium Ltd

The latest research by Lim & Tan Securities dives into the performance of Seatrium Ltd, offering insights derived from a technical analysis perspective. This comprehensive report outlines the bullish, sideways, and long-term trends for the stock, providing actionable recommendations for investors navigating the market.

Short-Term Analysis: Bullish Momentum

The stock’s short-term outlook remains bullish, with key indicators pointing to continued upward momentum for the next one to two weeks. The report highlights the following critical observations:

• The share price of Seatrium Ltd has surged by over 8% since the last technical charting report on December 12, 2024. At that time, the momentum was already signaling a positive trajectory.
• A bullish crossover on the MACD chart has been a key driver of this momentum. This formation occurred in late December 2024 when the MACD line (blue) crossed above the signal line (orange).
• The Relative Strength Index (RSI), currently at 63, indicates room for further appreciation before the stock enters overbought territory (above 70).
• In the near term, the stock has a resistance level set at \$2.32, which corresponds to the trend high observed on January 19, 2024.
• If momentum turns negative, a support level at \$2.07, derived from the daily low on January 3, 2025, could potentially limit any downside risks.

Short-Term Recommendation: BUY

Key Levels:

• Last Done Price: \$2.17
• Resistance: \$2.32
• Support: \$2.07

Medium-Term Analysis: Sideways Trend

In the medium term, the stock is expected to trade within a sideways pattern. This outlook is supported by the analysis of weekly price movements:

• Resistance is projected at \$2.40, which defines the upper boundary of the sideways trend.
• Support is marked at \$2.00, serving as the lower boundary during this period.

Medium-Term Recommendation: SIDEWAYS

Key Levels:

• Resistance: \$2.40
• Support: \$2.00

Long-Term Analysis: Bullish Prospects

Seatrium Ltd’s long-term outlook remains bullish, as depicted in the monthly chart analysis since 2016. Investors with a longer investment horizon may take note of these levels:

• Resistance is identified at \$2.60, representing a significant long-term target for the stock.
• Support is pegged at \$1.90, offering a safeguard against downside risks in the long run.

Long-Term Recommendation: BULLISH

Key Levels:

• Resistance: \$2.60
• Support: \$1.90

Conclusion

Seatrium Ltd presents a compelling investment opportunity across various timeframes. The short-term bullish momentum offers a favorable entry point for traders, while the medium-term sideways trend and long-term bullish outlook provide flexibility for investors with different risk appetites. With resistance and support levels clearly defined, the stock’s trajectory is well-supported by technical indicators.

As always, investors are encouraged to consider their financial goals and consult with independent financial advisors before making any investment decisions.