Broker Name: Lim & Tan Securities
Date of Report: 24 June 2025

Keppel Ltd Poised for Further Gains: Technical Analysis Signals Short-Term Bullish Momentum

Overview: Strong Technical Signals Point to Upside for Keppel Ltd

Keppel Ltd has attracted bullish attention following a robust technical performance, with its share price appreciating over 4% since early June. Lim & Tan Securities recommends a BUY on Keppel Ltd, citing several key technical indicators that support the case for further price appreciation in the short term. Here, we provide an in-depth analysis of the technical outlook and trading opportunities for Keppel Ltd.

Short-Term Technical Analysis: Bullish Indicators Dominate

Several technical signals currently favor a bullish stance for Keppel Ltd in the one to two-week horizon:

• Bollinger Bands: Both the upper and lower Bollinger Bands are trending upwards, indicating sustained bullish momentum and suggesting that the uptrend remains intact. This pattern typically signals that the underlying security is well-positioned for further gains.
• MACD: The Moving Average Convergence Divergence (MACD) chart has issued a positive signal. A bullish crossover occurred in early June when the MACD line crossed above the signal line from below, further reinforcing the positive price action.

Based on these indicators, the technical outlook for Keppel Ltd remains favorable, and the stock appears set for additional upside in the near term.

Key Short-Term Price Levels

• Resistance: Short-term upside is expected to face resistance at S\$7.71, which coincides with the current level of the upper Bollinger Band.
• Support: Should bullish momentum fade, support is identified at S\$7.06, a level corresponding to the daily low recorded on 13 June. This could serve as a buffer against further downside in the immediate future.

Medium-Term Technical Outlook: Sideways Trading Range Anticipated

The medium-term technical chart suggests that Keppel Ltd may experience sideways movement. Investors should be aware of the following key levels:

• Resistance: The resistance level in the medium term is set at S\$7.93.
• Support: Support is seen at S\$6.85, which could anchor prices during any periods of consolidation or correction.

This range-bound behavior is illustrated in the weekly chart, which captures price action since 2015 and highlights the likelihood of consolidation within these levels as the market digests recent gains and evaluates the next directional move.

Long-Term Technical Perspective: Underlying Bullishness Remains

Examining the monthly chart since 2010, the long-term outlook for Keppel Ltd remains bullish. Key levels to monitor include:

• Resistance: Long-term resistance is identified at S\$8.40, representing a potential target for investors with a longer investment horizon.
• Support: The primary long-term support is set at S\$6.58, providing a solid foundation for the stock’s underlying uptrend.

Overall, the long-term trend remains positive, suggesting that Keppel Ltd is well-positioned to deliver further gains over time, supported by persistent bullish technical signals.

Summary Table: Keppel Ltd Key Technical Levels

Important Notes and Disclosures

• This analysis is provided by Lim & Tan Securities for general information and should not be construed as personalized investment advice.
• The views expressed reflect the analyst’s independent assessment based on technical signals as of 24 June 2025.
• Investors are encouraged to assess their own risk tolerance and investment objectives before acting on this information.

Conclusion: Keppel Ltd Set for Further Upside, Supported by Robust Technicals

Keppel Ltd is demonstrating strong technical momentum, with both short and long-term indicators signaling further upside potential. While the medium-term may see periods of consolidation, the overall technical backdrop remains constructive. Investors seeking exposure to Keppel Ltd should monitor the key support and resistance levels outlined above and consider the bullish signals when making their investment decisions.

For more information or detailed chart analysis, investors can contact Lim & Tan Securities, who remain vigilant in providing up-to-date technical insights on Keppel Ltd and other leading Singapore stocks.