Broker: Lim & Tan Securities
Date of Report: 19 September 2025

SingTel Technical Analysis: Bullish Momentum and Key Price Levels to Watch

Overview: SingTel Poised for Short-Term Upside

Singapore Telecommunications Limited (SingTel) is gaining traction in the market, with recent technical indicators pointing to a bullish trend in the short-term. Lim & Tan Securities recommends a BUY on SingTel, citing strong momentum, key support and resistance zones, and positive signals from widely followed technical tools.

Recent Performance and Momentum Analysis

SingTel’s share price has advanced by 6 cents since the previous technical charting update on 8 September 2025. The stock remains entrenched in an uptrend channel, and momentum continues to display a bullish bias.

• Bollinger Bands Analysis: Both the upper and lower Bollinger Bands are moving upwards, signaling an ongoing bullish trend and suggesting further upside potential.
• Relative Strength Index (RSI): The RSI currently stands at 63, below the 70 threshold that typically signals overbought conditions. This indicates additional room for appreciation before a possible pullback.

Key Technical Levels: Resistance and Support

• Short-Term Resistance: S\$4.57, in line with the upper Bollinger Band, is expected to cap near-term upside.
• Short-Term Support: S\$4.31, established by double daily lows on 16 and 18 September 2025, may limit downside if momentum turns negative.
• Medium-Term Outlook: The stock is expected to trend sideways, with resistance at S\$4.70 and support at S\$4.20.
• Long-Term Outlook: The broader trend remains bullish, with resistance at S\$4.95 and support at S\$4.08.

Technical Chart Insights: Daily, Weekly, and Monthly Perspectives

Daily Chart (Since Dec 2024): – Clearly bullish in the short-term, with price action supported by rising Bollinger Bands and a non-overbought RSI.
Weekly Chart (Since 2015):
Indicates a sideways movement for the medium term, suggesting consolidation between key support and resistance levels.
Monthly Chart (Since 2011):
Shows a long-term bullish structure, reinforcing the view that SingTel remains structurally strong for investors with a longer horizon.

Key Observations and Minor Technical Points

• The report highlights that the bullish bias persists as long as SingTel remains within the uptrend channel and maintains momentum.
• Momentum indicators do not suggest an imminent overbought condition, making room for further gains in the short term.
• Any reversal in momentum could see the S\$4.31 support tested, which has been reinforced by recent double lows.

Disclaimer and Analyst Disclosure

Lim & Tan Securities emphasizes that this analysis is prepared for general circulation and does not account for the specific investment profiles or objectives of any individual reader. Investors are urged to perform their own due diligence and consult independent advisors before acting on market recommendations.
The research analysts responsible for this report have a disclosed financial interest in SingTel. The analysts certify that the views expressed reflect their personal perspectives and not compensation-based incentives.

Conclusion: SingTel Remains a Bullish Prospect in the Short and Long Term

SingTel’s technical outlook is robust, marked by a bullish short-term trend, a sideways medium-term view, and a strong long-term uptrend. Investors seeking exposure to a leading telecommunications stock with positive momentum and well-defined support and resistance levels may find SingTel an attractive option for both trading and investment horizons. Caution is warranted at resistance, but with technical indicators aligned, the bullish case remains compelling for now.