Broker: Lim & Tan Securities
Date of Report: 04 August 2025

Keppel Ltd: Technical Analysis Signals Bullish Momentum in Short and Long Term

Overview: Keppel Ltd Poised for Uptrend, Says Lim & Tan Securities

Keppel Ltd’s stock is demonstrating strong bullish signals, according to the latest technical research from Lim & Tan Securities. With the price direction forecasted to be bullish over the next one to two weeks, the brokerage recommends a BUY on Keppel Ltd based on technical analysis.

Short-Term Outlook: Ascending Channel Supports Bullish Momentum

Keppel Ltd’s share price has surged more than 6.8% since the last technical charting report released on 08-Jul-25.
The upward movement is attributed to a bullish trend, which was previously highlighted as having the potential to drive higher gains.
The price action is currently moving within an Ascending Channel pattern that started in April 2025, identified by two parallel, upward-sloping trendlines. This pattern is a classic bullish technical formation.
The Relative Strength Index (RSI) is at 66, remaining below the overbought threshold of 70. This indicates there is still room for further appreciation before the stock faces an overbought pullback.
Short-term upside is expected to be capped at the resistance level of S$8.61, which coincides with the trend high seen on 01-Aug-25.
On the downside, if momentum turns negative, the S$8.05 support level, as recorded in the daily low on 18-Jul-25, could help contain any further short-term declines.

Key Technical Levels: Short-Term

Medium-Term View: Sideways Trend with Defined Boundaries

The weekly chart dating back to 2015 reveals that Keppel Ltd is currently trading in a sideways channel in the medium-term.
Price action is bounded by resistance at S$8.82 and support at S$7.86.
Absent a decisive breakout above resistance or below support, investors may expect range-bound movement over the coming weeks.

Key Technical Levels: Medium-Term

Long-Term Perspective: Sustained Bullish Bias

Keppel Ltd’s monthly chart since 2010 demonstrates a bullish long-term trend.
Resistance is noted at S$9.40, while support is located at S$7.60.
This long-term technical structure suggests that the company is well-positioned for continued appreciation, provided macro and company-specific fundamentals remain supportive.

Key Technical Levels: Long-Term

Technical Summary

• Short-term: Bullish, with upside capped at S\$8.61 and support at S\$8.05.
• Medium-term: Sideways, resistance at S\$8.82 and support at S\$7.86.
• Long-term: Bullish, resistance at S\$9.40 and support at S\$7.60.

Important Disclaimers and Analyst Disclosure

Lim & Tan Securities emphasizes that this analysis is intended for general circulation and does not account for the specific investment objectives, financial situation, or needs of any individual investor. Investors are urged to conduct their own due diligence and consult a licensed financial adviser prior to making investment decisions. The information and opinions are derived from sources believed to be reliable, but accuracy and completeness are not guaranteed. Lim & Tan Securities, its directors, connected persons, and employees may hold positions in Keppel Ltd or related securities.

Conclusion: Keppel Ltd Remains a Stock to Watch

With technical signals pointing to bullish momentum in the short and long term, Keppel Ltd is poised for further gains, according to Lim & Tan Securities. Investors should watch for resistance at S$8.61 in the short term, with downside limited by support at S$8.05. The medium-term sideways trend provides opportunities for range trading, while the long-term bullish outlook highlights Keppel Ltd as a compelling candidate for portfolio inclusion, pending individual risk assessment and market developments.