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

Keppel Ltd: Bullish Momentum Signals Short-Term Upside – Comprehensive Technical Analysis

Introduction

Keppel Ltd has recently attracted the attention of investors and market watchers with its impressive technical momentum. According to the latest analysis from Lim & Tan Securities, the outlook for Keppel Ltd appears bullish in the short term, with a robust foundation in both medium- and long-term trends. This in-depth article explores the technical signals, resistance and support levels, and the overall market context for Keppel Ltd, providing investors with actionable insights.

Short-Term Technical Analysis: Bullish Momentum in Play

• Keppel Ltd’s share price has appreciated by more than 4% since the last technical report issued on 6 June 2025, reflecting strong short-term momentum.
• The ongoing uptrend remains intact, as indicated by several bullish technical signals.
• Bollinger Bands Analysis: Both the upper and lower Bollinger Bands are moving upwards, a classic indication of a bullish trend and signaling the potential for continued price appreciation.
• MACD Indicator: The MACD chart has produced a positive signal following a bullish crossover in early June 2025, where the MACD line (blue) crossed above the signal line (orange). This is a strong signal that buying interest is returning.

Key Short-Term Levels

• Resistance: In the near term, upside is expected to be capped at S\$7.71, aligning with the current level of the upper Bollinger Band.
• Support: Should momentum turn negative, the S\$7.06 level (the daily low from 13 June 2025) is expected to provide a buffer against further declines.

Medium-Term Technical View: Sideways Consolidation Expected

• On the weekly chart, Keppel Ltd is demonstrating a sideways pattern, suggesting potential consolidation in the medium term.
• Resistance: S\$7.93
• Support: S\$6.85
• Investors should monitor these levels closely, as a breakout or breakdown could establish a new medium-term direction.

Long-Term Technical Outlook: Bullish Bias Remains

• The monthly chart since 2010 underscores a bullish long-term trend for Keppel Ltd.
• Resistance for Long-Term: S\$8.40
• Support for Long-Term: S\$6.58
• This positive long-term structure suggests that Keppel Ltd could be well-positioned for further appreciation, barring major market disruptions.

Visual Summary of Technical Levels

Conclusion: Actionable Insights for Investors

Keppel Ltd presents a compelling technical setup for investors seeking short-term upside, with clear bullish signals from both the Bollinger Bands and MACD indicators. Key resistance and support levels offer defined parameters for risk management and potential profit-taking. The medium-term sideways trend suggests some caution may be warranted, while the long-term bullish structure reinforces the stock’s attractiveness for position traders and long-term investors.

Broker and Analyst Disclosure

Lim & Tan Securities, the broker covering this report, underscores that the analysis provided is for informational purposes and not tailored to individual investment needs. The analysts responsible for this report certify that their opinions are unbiased and that they do not hold financial interests in Keppel Ltd as of the date of publication.

Contact Information

Lim & Tan Securities 16 Collyer Quay #15-00 Income At Raffles Singapore 049318 Tel: 6533 0595 www.limtan.com.sg

Summary Table: Keppel Ltd Technical Levels