Keppel Ltd: Bullish Momentum Suggests Further Upside

Executive Summary

Technical analysis suggests a short-term bullish outlook for Keppel Ltd. We recommend a BUY strategy, anticipating further gains based on positive momentum and chart patterns. While the share price has already increased by approximately 20% from its recent low of \$5.61 last month, we believe additional upside potential exists.

Technical Analysis: Ascending Channel Pattern

Price action appears to be moving within an Ascending Channel pattern that began in early Apr-25. [[1]]
This pattern is defined by two parallel upward sloping lines, indicating a bullish signal. [[1]]

Relative Strength Index (RSI)

The Relative Strength Index (RSI) is currently below 70 and trading at 58. [[1]]
This suggests there is room for further price appreciation before Keppel Ltd reaches overbought territory and potentially experiences a pullback. [[1]]

Price Targets and Support Levels

Resistance: We anticipate the near-term upside for Keppel Ltd to be capped at the \$7.03 resistance mark, which corresponds to the trend high on 09-Jan-25. [[1]]
Support: Should the price momentum turn negative, the \$6.58 level, as outlined by the daily low on 06-May-25, could serve as a support to limit further downside in the short term. [[1]]

Keppel Ltd: Technical Indicators and Outlook

Last Done: S\$6.72 [[1]]

Short-Term (BULLISH)

Resistance: S\$7.03 [[1]]
Support: S\$6.58 [[1]]

Medium-Term (SIDEWAYS)

Resistance: S\$7.22 [[1]]
Support: S\$6.40 [[1]]

Long-Term (BULLISH)

Resistance: S\$7.70 [[1]]
Support: S\$6.20 [[1]]

Charts Overview

Exhibit 1: Keppel Ltd – Daily Chart Since Oct 2024 (Bullish In The Short-Term) [[1]]
Exhibit 2: Keppel Ltd – Weekly Chart Since 2015 (Sideways In The Medium-Term) [[2]]
Exhibit 3: Keppel Ltd – Monthly Chart Since 2010 (Bullish In The Long-Term) [[2]]

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Analyst Disclosure

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Keppel Ltd Stock Analysis: Buy Recommendation, Price Targets & Technical Insights (May 2025)