Broker Name: Lim & Tan Securities

Date of Report: 20 June 2025

Singtel Stock Poised for Short-Term Gains: Detailed Technical Analysis and Strategic Levels

Overview: Singtel’s Bullish Momentum in the Spotlight

Singtel, one of Singapore’s largest telecommunications companies, is currently exhibiting strong bullish signals in the short term according to the latest technical analysis by Lim & Tan Securities. The report highlights a positive outlook for investors, supported by key technical indicators and clear resistance and support levels.

Short-Term Technical Analysis: Clear Bullish Indications

• Recent Performance: Since the previous update on 3 June 2025, Singtel’s share price has appreciated by approximately 1.8%, validating earlier forecasts of a positive trend.
• Bollinger Bands: Both upper and lower Bollinger Bands are moving upwards, a classic signal of a bullish trend and further upside potential. The current configuration suggests the momentum is supportive of continued price gains.
• Relative Strength Index (RSI): The RSI stands at 52—comfortably below the overbought threshold of 70—indicating significant room for further appreciation before any potential pullback.
• Short-Term Resistance and Support:
  • Upside is capped at the key resistance level of S\$4.05, where the upper Bollinger Band currently lies.
  • Immediate support is identified at S\$3.80, which aligns with the daily low observed on 4 June 2025. This level serves as an important floor to limit downside risk if momentum turns negative.

Medium-Term Outlook: Sideways Consolidation

On a broader weekly timeframe, Singtel’s price movement is currently assessed as sideways. The resistance level stands at S\$4.17, while support is marked at S\$3.68. This range suggests a period of consolidation, with investors watching for a decisive breakout above resistance or a breakdown below support to signal the next major directional move.

Long-Term Perspective: Bullish Trend Remains Intact

The long-term monthly technical chart continues to signal a bullish trend for Singtel. The upper resistance target is set at S\$4.43, with a significant support floor at S\$3.55. Investors with a longer horizon may find confidence in the sustained upward trajectory, supported by technical patterns spanning several years.

Key Technical Indicators at a Glance

• Bollinger Bands: Both bands trending upwards, signaling price expansion and bullish sentiment.
• RSI: At 52, well clear of overbought territory, allowing for additional gains.
• Short-Term Resistance: S\$4.05
• Short-Term Support: S\$3.80
• Medium-Term Range: S\$3.68 to S\$4.17
• Long-Term Range: S\$3.55 to S\$4.43

Strategic Outlook and Trading Ideas

Given the bullish short-term indicators and ample room before reaching overbought conditions, Singtel presents an attractive Buy opportunity for traders and investors. Short-term participants are advised to monitor the S\$4.05 resistance for potential profit-taking, while keeping an eye on S\$3.80 as a key support in case of any short-term weakness. Medium- and long-term investors should note the broader ranges, positioning for potential upward breakouts above S\$4.17 and S\$4.43, respectively.

Disclaimer and Analyst Disclosure

This analysis reflects the independent views of Lim & Tan Securities’ research team, which may hold financial interests in Singtel. Investors are encouraged to consider their own financial circumstances and consult an independent financial adviser before making any investment decisions. The information presented is based on sources believed to be reliable, though accuracy cannot be guaranteed. Market conditions and analyst views are subject to change without notice.