Sembcorp Industries: Bullish Technical Outlook Suggests Further Upside

Executive Summary

Technical analysis suggests a bullish short-term outlook for Sembcorp Industries. We recommend a BUY based on these observations. The share price has already rallied by over 4.8% since our previous report on 15-Apr-25, and we anticipate further gains.

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Recent Price Action and Technical Indicators

Sembcorp Industries’ share price has increased by more than 4.8% since the previous technical charting report on 15-Apr-25. [[1]]
The prevailing uptrend is expected to continue, leading to more gains. [[1]]

Bollinger Band Analysis

The upper and lower Bollinger Bands are moving upwards. [[1]]
This movement signifies a bullish trend for Sembcorp Industries. [[1]]
The stock appears poised for further upside. [[1]]

Relative Strength Index (RSI)

The RSI is currently below 70, trading at 56. [[1]]
This indicates significant room for further appreciation before the stock reaches overbought territory. [[1]]
A pullback is not expected in the immediate future based on the RSI. [[1]]

Near-Term Price Targets

Near-term upside for Sembcorp Industries is capped at \$6.74, the location of the upper Bollinger Band. [[1]]
If price momentum turns negative, support is expected at \$6.28, the trend low on 22-Apr-25. [[1]]
This support level should limit any further downside in the short term. [[1]]-[[2]]

Technical Outlook

Short-Term

Outlook: BULLISH [[1]]
Last Done: S\$6.42 [[1]]
Resistance: S\$6.74 [[1]]
Support: S\$6.28 [[1]]

Medium-Term

Outlook: SIDEWAYS [[1]]
Resistance: S\$6.93 [[1]]
Support: S\$6.10 [[1]]

Long-Term

Outlook: BULLISH [[1]]
Resistance: S\$7.35 [[1]]
Support: S\$5.90 [[1]]

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Analyst Disclosure

As of the date of this report, the research analysts primarily responsible for the content of this research report do
not have a financial interest* in the securities of the companies as recommended in this report. * Includes direct or indirect ownership of securities or Futures Contracts (excluding the amount of securities or Futures
Contracts owned), directorships or trustee positions.

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Sembcorp Industries Stock Forecast: Bullish Technical Analysis and Price Targets