Broker: Lim & Tan Securities
Date of Report: 07 July 2025
SingTel Share Price Outlook: Bullish Momentum Signals Upside Potential for Investors
Overview: SingTel Poised for Short-Term Gains
SingTel, a key player in Singapore’s telecommunications sector, is exhibiting bullish momentum, with technical indicators pointing to further upside in the near term. Lim & Tan Securities recommends a BUY based on detailed technical analysis, projecting share price appreciation over the next one to two weeks.
- Recent Price Movement: SingTel’s share price has surged by 20 cents since its previous low of \$3.67 in mid-May 2025, indicating renewed investor interest and positive momentum.
- Current Trend: The stock’s trajectory remains positive, with the potential for additional gains firmly intact.
Technical Analysis: Ascending Channel and Momentum Indicators
SingTel’s price action is currently contained within an Ascending Channel that has been forming since mid-April 2025. This pattern is defined by two parallel, upward-sloping lines, signaling a bullish trend. The technical setup suggests that the stock is positioned for continued strength in the short term.
- Relative Strength Index (RSI): The RSI is currently at 50, comfortably below the overbought threshold of 70. This indicates that there is significant room for further appreciation before a potential pullback could occur.
Key Price Levels: Resistance and Support Zones
Understanding critical price points is essential for investors seeking optimal entry and exit opportunities.
| Time Frame |
Resistance |
Support |
Trend |
| Short-Term |
S\$4.04 |
S\$3.80 |
Bullish |
| Medium-Term |
S\$4.17 |
S\$3.68 |
Sideways |
| Long-Term |
S\$4.43 |
S\$3.55 |
Bullish |
- Short-Term Resistance: Upside potential is capped at S\$4.04, which aligns with the previous trend high set on 07-Oct-2016.
- Short-Term Support: If momentum weakens, support at S\$3.80—defined by the lows on 27-Jun-2025 and 30-Jun-2025—may help limit downside risk.
Medium and Long-Term Outlook for SingTel
The medium-term outlook for SingTel is characterized as sideways, with resistance at S$4.17 and support at S$3.68. This suggests some consolidation may occur before a clear breakout in either direction. In contrast, the long-term trend remains bullish, with major resistance at S$4.43 and robust support at S$3.55, reinforcing the view that SingTel is well-positioned for sustained growth.
Technical Chart Snapshots
- Daily Chart (Since November 2024): Clearly depicts the bullish short-term channel and ongoing price appreciation.
- Weekly Chart (Since 2016): Highlights the sideways movement in the medium-term, with defined range-bound trading.
- Monthly Chart (Since 2011): Illustrates the broader, long-term bullish trend underpinning SingTel’s share price trajectory.
Actionable Takeaways for Investors
- SingTel’s current technical setup supports a BUY recommendation for the short term, with the potential for the stock to test the S\$4.04 resistance level.
- Investors should monitor the S\$3.80 support level for signs of potential downside risk, while keeping an eye on broader market movements that may influence SingTel’s trajectory.
- Medium-term traders might anticipate range-bound activity, whereas long-term investors can take confidence in the strong foundational uptrend.
Research Disclaimer and Analyst Disclosure
This analysis is intended for informational purposes and does not constitute investment advice. Please conduct your own due diligence or consult a financial advisor before making investment decisions. As of the date of this report, the lead analyst responsible for this analysis holds a financial interest in SingTel.
Contact Information
For further information or to speak with an analyst:
- Lim & Tan Securities
- 16 Collyer Quay #15-00 Income at Raffles, Singapore 049318
- Tel: 6533 0595
- www.limtan.com.sg
