Singapore Exchange (SGX): Sideway Consolidation

  • Post author:

Singapore Exchange (SGX) is currently in consolidation mode and trading within a range between $6.94 & $7.05. Base on past chart pattern, 20D SMA proved to be reliable supports and resistances for SGX (shaded in Orange). Currently 20D SMA has catched up the stock price and provide a support at about $6.97. If history to be repeat itself on SGX, this stock should be breaking out from this consolidation phase soon provided 20D SMA is a good support again.

  • Immediate resistance is $7.05 followed by $7.28
  • Immediate support is about $6.95 (20D SMA) followed by $6.81 (61.8% FR)

 

Key Statistics for SGX

Current P/E Ratio (ttm) 26.8788
Estimated P/E(06/2013) 23.8435
Relative P/E vs. FSSTI 2.2171
Earnings Per Share (SGD) (ttm) 0.2608
Est. EPS (SGD) (06/2013) 0.2940
Est. PEG Ratio 3.2888
Market Cap (M SGD) 7,494.82
Shares Outstanding (M) 1,069.16
30 Day Average Volume 1,134,700
Price/Book (mrq) 10.5975
Price/Sale (ttm) 11.9139
Dividend Indicated Gross Yield 3.85%
Cash Dividend (SGD) 0.0400
Last Dividend 10/24/2012
5 Year Dividend Growth -6.11%
Next Earnings Announcement 01/22/2013
Continue ReadingSingapore Exchange (SGX): Sideway Consolidation

Singapore Exchange (SGX): Trend Reversal?

  • Post author:

Looks like SGX is reversing the trend after breaking out from the down trend channel. If SGX is able to hold above the $6.66 support (also 20D SMA), this trend reversal (to up trend) is confirmed. Immediate resistance is at $6.80 which is also the 61.8% Fibonacci Retracement level.  There is also a possibility of forming an Inverted Head & Shoulders with neckline at $6.80.

Previous SGX Stock Chart Analysis.

Continue ReadingSingapore Exchange (SGX): Trend Reversal?

Singapore Exchange (SGX): on Down Trend Channel

  • Post author:

Singapore Exchange (SGX) is currently trading within a down trend channel after breaking out from Head and Shoulder pattern. Current SGX has reached the breakout price target and also trading near the down trend support level & 38.2% Fibonacci Retracement Level. SGX may rebound from here after forming an inverted hammer candlestick pattern. Immediate resistance is at about $6.70 which is the down trend channel resistance and 20D SMA.

Continue ReadingSingapore Exchange (SGX): on Down Trend Channel