Lim & Tan Securities Technical Charting Report April 4, 2025
Bullish Outlook for Sembcorp Industries in the Short-Term
Sembcorp Industries: Poised for Gains Amid Strengthening Uptrend
Summary
Sembcorp Industries’ share price has risen around 4.5% since the previous technical analysis report on March 10, 2025.
The upward movement in the Bollinger Bands indicates a bullish trend for the stock in the short-term.
The Relative Strength Index (RSI) is at 64, suggesting further upside potential before reaching overbought territory.
Near-term resistance is seen at $6.82, while support is found at $6.34.
The medium-term outlook is sideways, with resistance at $7.00 and support at $6.17.
The long-term trend remains bullish, with resistance at $7.40 and support at $6.00.
Short-Term Bullish Outlook Sembcorp Industries’ share price has continued its upward trajectory since our previous technical analysis report, rising approximately 4.5% over the past few weeks. The strengthening of the Bollinger Bands, with both the upper and lower bands moving higher, indicates a bullish trend for the stock in the short-term 1.
Furthermore, the Relative Strength Index (RSI) is currently at 64, suggesting that the stock still has room for further appreciation before reaching overbought levels and potentially experiencing a pullback 1. In the near-term, we see the share price upside for Sembcorp Industries being capped at the $6.82 resistance level, as this aligns with the upper Bollinger Band 1.
On the downside, should the stock’s price momentum turn negative, the $6.34 level, as outlined by the trend low on April 1, 2025, could serve as a support to limit any further short-term downside 1.
Medium-Term Sideways Trend Examining the weekly chart, the medium-term outlook for Sembcorp Industries appears to be sideways, with resistance at the $7.00 level and support at $6.17 2. This range-bound trading could persist in the coming months as the stock consolidates its recent gains.
Long-Term Bullish Trend The monthly chart paints a bullish picture for Sembcorp Industries in the long-term, with resistance at $7.40 and support at $6.00 3. The stock’s ability to maintain above the $6.00 level and potentially break through the $7.40 resistance could signal further upside in the coming years.
Conclusion Sembcorp Industries is currently in a bullish short-term trend, with the potential to continue its upward momentum in the near future. Investors should keep a close eye on the $6.82 resistance level and the $6.34 support level as key technical levels to monitor. The medium-term outlook appears sideways, while the long-term trend remains bullish for the company.

Bullish Outlook for Sembcorp Industries in the Short-Term

Sembcorp Industries: Poised for Gains Amid Strengthening Uptrend

Summary

• Sembcorp Industries’ share price has risen around 4.5% since the previous technical analysis report on March 10, 2025.
• The upward movement in the Bollinger Bands indicates a bullish trend for the stock in the short-term.
• The Relative Strength Index (RSI) is at 64, suggesting further upside potential before reaching overbought territory.
• Near-term resistance is seen at \$6.82, while support is found at \$6.34.
• The medium-term outlook is sideways, with resistance at \$7.00 and support at \$6.17.
• The long-term trend remains bullish, with resistance at \$7.40 and support at \$6.00.

Short-Term Bullish Outlook

Sembcorp Industries’ share price has continued its upward trajectory since our previous technical analysis report, rising approximately 4.5% over the past few weeks. The strengthening of the Bollinger Bands, with both the upper and lower bands moving higher, indicates a bullish trend for the stock in the short-term [[1]].
Furthermore, the Relative Strength Index (RSI) is currently at 64, suggesting that the stock still has room for further appreciation before reaching overbought levels and potentially experiencing a pullback 1. In the near-term, we see the share price upside for Sembcorp Industries being capped at the $6.82 resistance level, as this aligns with the upper Bollinger Band 1.
On the downside, should the stock’s price momentum turn negative, the $6.34 level, as outlined by the trend low on April 1, 2025, could serve as a support to limit any further short-term downside 1.

Medium-Term Sideways Trend

Examining the weekly chart, the medium-term outlook for Sembcorp Industries appears to be sideways, with resistance at the \$7.00 level and support at \$6.17 [[2]]. This range-bound trading could persist in the coming months as the stock consolidates its recent gains.

Long-Term Bullish Trend

The monthly chart paints a bullish picture for Sembcorp Industries in the long-term, with resistance at \$7.40 and support at \$6.00 [[3]]. The stock’s ability to maintain above the \$6.00 level and potentially break through the \$7.40 resistance could signal further upside in the coming years.

Conclusion

Sembcorp Industries is currently in a bullish short-term trend, with the potential to continue its upward momentum in the near future. Investors should keep a close eye on the \$6.82 resistance level and the \$6.34 support level as key technical levels to monitor. The medium-term outlook appears sideways, while the long-term trend remains bullish for the company.