Title: Yangzijiang Shipbuilding (SGD) – Bullish in the Short-Term, Sideways in the Medium-Term, and Bullish in the Long-Term
Lim & Tan Securities | 17 March 2025

Yangzijiang Shipbuilding (SGD) – Bullish in the Short-Term, Sideways in the Medium-Term, and Bullish in the Long-Term

Short-Term Outlook: Bullish

According to the research report, the price direction of Yangzijiang Shipbuilding (SGD) is forecasted to be bullish for the next one to two weeks in the short-term. The analysts at Lim & Tan Securities recommend a BUY rating based on their technical analysis.
The report notes that although the share price of Yangzijiang Shipbuilding (SGD) had moved down by more than 23% for the year so far since closing at $2.99 on 31-Dec-24, the sell-off may have been overdone and the prevailing momentum is now no longer bearish. 1
The MACD chart is emitting a positive signal for the share price, with the MACD line (blue) cutting above the signal line (orange) in a bullish crossover a fortnight ago. 1
Furthermore, the Relative Strength Index (RSI) is currently trading at 45, indicating that there is much room left for further appreciation before the stock reaches overbought territory and experiences a pullback. 1
For the near-term, the analysts see the share price upside for Yangzijiang Shipbuilding (SGD) being capped at the $2.43 resistance mark, as this is where the daily high on 10-Mar-25 is located for the stock. On the downside, support at the $2.21 level as outlined by the trend low on 13-Mar-25 could serve to limit any further downside in the short-term. 1

Medium-Term Outlook: Sideways

In the medium-term, the analysts view the outlook for Yangzijiang Shipbuilding (SGD) as sideways, with resistance at \$2.50 and support at \$2.15. [[1]]

Long-Term Outlook: Bullish

Looking at the long-term, the analysts are bullish on Yangzijiang Shipbuilding (SGD), with resistance at \$2.73 and support at \$2.07. [[1]]