Broker: Lim & Tan Securities
Date of Report: 08 July 2025

Keppel Ltd Technical Analysis: Bullish Momentum Points to Further Upside in Short and Long Term

Introduction: Keppel Ltd Poised for Further Gains

Keppel Ltd has recently demonstrated significant bullish momentum in its share price, attracting attention from investors seeking opportunities in the Singapore market. According to the latest technical analysis by Lim & Tan Securities, Keppel Ltd’s stock is forecasted to remain bullish over the short-term, supported by positive technical indicators and clearly defined resistance and support levels. This article provides a comprehensive breakdown of the detailed technical outlook, offering actionable insights for investors and market watchers.

Recent Performance and Technical Overview

• Keppel Ltd’s stock price surged more than 4.8% since the previous technical report dated 24-Jun-25, reflecting continued investor confidence and strong upward momentum.
• The current technical setup reinforces the near-term bullish outlook, with several indicators pointing to further appreciation potential before the stock enters overbought territory.

Bollinger Bands: Indicating a Bullish Trend

• The Bollinger Bands, shown as blue lines in the analysis, are both trending upwards. This movement signals that Keppel Ltd is in a bullish phase, with the potential for the price to climb higher as the bands widen and indicate increased volatility on the upside.
• The upper Bollinger Band currently acts as the immediate resistance level.

Relative Strength Index (RSI): Room to Grow Before Overbought

• The RSI, depicted as a purple line in the technical charts, is presently trading at 66, below the critical overbought threshold of 70.
• This reading indicates there is still room for the stock price to appreciate further before a potential pullback becomes likely.

Short-Term Outlook: Resistance and Support Levels

• Upside for Keppel Ltd is seen as being capped at the S\$8.08 resistance mark, coinciding with the current position of the upper Bollinger Band.
• If momentum turns negative, immediate support is identified at S\$7.46, which aligns with the trend low recorded on 02-Jul-25. This level is expected to provide a buffer against further downside in the short term.

Medium-Term Outlook: Sideways Consolidation

• The weekly chart analysis since 2015 reveals that Keppel Ltd is currently trading in a sideways pattern for the medium term.
• Key resistance is at S\$8.33, while support lies at S\$7.25, defining the trading range for medium-term investors.

Long-Term Outlook: Sustained Bullishness

• The monthly chart since 2010 demonstrates a bullish trend for Keppel Ltd over the long term.
• Investors should watch for resistance at S\$8.80 and support at S\$7.00, which frame the long-term price action for the stock.

Summary of Technical Indicators

• Bollinger Bands: Both upper and lower bands are trending upwards, confirming a bullish setup.
• RSI: At 66, indicating further upside potential before overbought conditions emerge.
• Short-Term Resistance: S\$8.08 (upper Bollinger Band).
• Short-Term Support: S\$7.46 (trend low from 02-Jul-25).
• Medium-Term Resistance/Support: S\$8.33/S\$7.25.
• Long-Term Resistance/Support: S\$8.80/S\$7.00.

Conclusion: Keppel Ltd Remains an Attractive Bullish Opportunity

Keppel Ltd’s technical picture supports a bullish outlook in both the short and long term, with positive momentum, supportive technical indicators, and well-defined trading ranges. The stock’s recent rally and current positioning suggest more room for appreciation, with resistance and support levels providing clear reference points for traders and investors.
Investors are advised to monitor the S$8.08 resistance closely for signs of a breakout or pullback, while the S$7.46 level offers initial downside protection. For those with a medium to long-term horizon, the sideways and bullish trends present opportunities to capitalize on Keppel Ltd’s ongoing market strength.

Disclaimer

This analysis is intended for informational purposes only and does not constitute financial advice. Investors should independently evaluate their investment objectives, financial situation, and particular needs before making any investment decisions.