Broker Name: Lim & Tan Securities
Date of Report: 27 May 2025
Keppel Ltd Poised for Near-Term Upside: Comprehensive Technical Analysis and Outlook
Introduction: Bullish Momentum for Keppel Ltd
Keppel Ltd has caught the attention of market watchers with its resilient momentum and promising technical indicators. According to the latest technical charting analysis, the stock is forecasted to trend bullishly over the coming one to two weeks, making it an attractive consideration for short-term investors and traders seeking upside opportunities.
Recent Price Performance and Technical Signals
Despite a period of sideways price action since the last update on 19 May 2025, Keppel Ltd remains underpinned by positive momentum. The technical landscape continues to signal optimism, with several key indicators supporting a bullish outlook:
- Bollinger Bands Uptrend: Both the upper and lower Bollinger Bands are trending upwards, highlighting a bullish undertone and signaling the potential for further price appreciation.
- MACD Bullish Crossover: The MACD chart has issued a positive signal, as the MACD line crossed above the signal line from below in late May. This crossover is a classic indicator of upward momentum and further supports the case for a near-term rally.
Key Price Levels: Resistance and Support
Investors should pay close attention to the following critical price points as outlined in the technical report:
- Immediate Resistance: \$7.03 — This mark aligns with the trend high set on 9 January 2025 and is expected to cap upside potential in the short term.
- Immediate Support: \$6.58 — Should momentum wane, the daily low from 6 May 2025 offers a near-term safety net to limit further declines.
Summary Table: Technical Levels for Keppel Ltd
| Timeframe |
Resistance |
Support |
Trend |
| Short-Term (Daily) |
S\$7.03 |
S\$6.58 |
Bullish |
| Medium-Term (Weekly) |
S\$7.22 |
S\$6.40 |
Sideways |
| Long-Term (Monthly) |
S\$7.70 |
S\$6.20 |
Bullish |
Technical Chart Insights: Daily, Weekly, and Monthly Perspectives
Daily Chart (Short-Term): The daily chart reveals a bullish setup, with clear trend support from the upward-sloping Bollinger Bands and a positive MACD crossover. The last traded price stands at S\$6.72, positioning the stock close to its immediate resistance level.
Weekly Chart (Medium-Term): The weekly timeframe presents a more neutral, sideways trend. Key resistance is identified at S\$7.22, while support is at S\$6.40. This suggests that while the short-term momentum is bullish, medium-term investors may encounter a consolidation phase.
Monthly Chart (Long-Term): Over the longer term, the outlook turns bullish again, with significant resistance at S\$7.70 and sturdy support at S\$6.20. This long-term technical structure is favorable for investors with a broader investment horizon.
Broker Commentary and Disclosures
Lim & Tan Securities, the broker behind this analysis, emphasizes that all technical signals and price levels are derived from recent market data and established charting techniques. The report is designed for informational purposes, tailored for investors and market participants seeking actionable insights into Keppel Ltd’s market behavior.
Readers are reminded to consider their individual investment objectives and consult with a financial advisor before making any trading decisions, as this analysis does not account for personal financial circumstances. The broker and its connected persons may hold positions in Keppel Ltd from time to time.
Conclusion: Keppel Ltd Well-Positioned for Near-Term Upside
The technical outlook for Keppel Ltd remains optimistic, with a bullish bias in the short and long term, and a sideways trend in the medium term. Investors should monitor the key resistance and support levels closely as identified in the analysis. With clear technical signals and well-defined trading ranges, Keppel Ltd is well-positioned for potential gains in the coming weeks, making it a stock to watch for both short-term traders and long-term investors.
