Seatrium Ltd: Bullish Short-Term Outlook with Upside Potential

Lim & Tan Securities Research Report | 24 March 2025

Seatrium Ltd, a Singapore-based company, has caught the attention of the research team at Lim & Tan Securities. In their latest technical analysis report, the analysts have identified a bullish short-term outlook for the stock, recommending a “BUY” based on their findings.

Short-Term Bullish Trend

The report highlights that Seatrium’s share price has moved up by more than 4.3% since the previous technical charting report released on 11-Mar-25. The analysts noted that the stock’s momentum appeared bullish, with a positive uptrend in play.
Key technical indicators supporting the bullish short-term outlook:
Relative Strength Index (RSI) currently stands at 49, indicating room for further appreciation before reaching overbought territory.
The MACD (Moving Average Convergence Divergence) chart is emitting a positive signal, with the MACD line recently crossing above the signal line from below.

Near-Term Price Targets

For the near-term, the analysts see the share price upside for Seatrium Ltd being capped at the $2.24 resistance mark, which corresponds to the trend high on 27-Feb-25.
On the downside, the report identifies a potential support level at $2.09, as outlined by the daily low on 17-Mar-25, which could limit any further short-term downside.

Medium-Term and Long-Term Outlook

The research report also provides an analysis of Seatrium Ltd’s performance in the medium and long-term:

Medium-Term Bullish Outlook

– Resistance level: \$2.42 – Support level: \$2.00

Long-Term Sideways Trend

– Resistance level: \$2.50 – Support level: \$1.93
The analysts have presented a comprehensive technical analysis of Seatrium Ltd, providing investors with a clear understanding of the stock’s potential price movements in the short, medium, and long-term.