Short-Term Outlook: Bullish Momentum Continues

The price direction for Yangzijiang Shipbuilding SGD (YZJ Shipbldg SGD) is forecasted to remain bullish over the next one to two weeks. Based on technical analysis, the recommendation from Lim & Tan Securities is to BUY.

In the last technical charting report dated January 20, 2025, the stock had already rallied by over 5%. The previous analysis highlighted that the stock’s momentum was positive, leading to expectations of further gains. This prediction has been validated as the bullish trend continues.

Currently, the Moving Average Convergence Divergence (MACD) chart is signaling a positive trend. The MACD line recently formed a bullish crossover when it moved above the signal line late last week. This technical indicator supports the prospect of additional upward movement in the stock price.

Furthermore, the Relative Strength Index (RSI) is at 58, which remains below the overbought threshold of 70. This indicates that there is still room for further price appreciation before a potential pullback occurs.

In the short term, the stock’s upside is seen as capped at the psychological resistance level of \$3.20. Conversely, if momentum weakens, support is expected at \$2.94, a level identified as the daily low on January 23, 2025.

Near-Term Technical Levels

• Last Done Price: \$3.03
• Resistance: \$3.20
• Support: \$2.94

Medium-Term Outlook: Sideways Movement Anticipated

In the medium term, the price movement of Yangzijiang Shipbuilding SGD is expected to trend sideways. The anticipated resistance level is pegged at \$3.30, while support is seen at \$2.85. This suggests that the stock could face consolidation within this range before resuming a clearer directional trend.

The weekly chart since 2016 indicates a relatively stable trading pattern, with no imminent breakout signals in the medium term. Investors seeking longer-term opportunities may need to wait for a more definitive directional movement.

Long-Term Outlook: Bullish Sentiment Prevails

Looking at the long-term perspective, Yangzijiang Shipbuilding SGD maintains a bullish outlook. The monthly chart since 2010 reveals a consistent upward trajectory, affirming the stock’s potential for substantial gains in the long run. The key resistance level in this timeframe is identified at \$3.50, while support is noted at \$2.75.

Investors with a long-term horizon may find this stock an attractive opportunity, especially as the bullish sentiment aligns with the historical performance trends.

Comprehensive Technical Charting Summary

The technical charting analysis provided by Lim & Tan Securities offers a detailed snapshot of Yangzijiang Shipbuilding SGD’s price movements across short, medium, and long-term horizons:

• Short-Term: Bullish, with resistance at \$3.20 and support at \$2.94.
• Medium-Term: Sideways, with resistance at \$3.30 and support at \$2.85.
• Long-Term: Bullish, with resistance at \$3.50 and support at \$2.75.

The analysis reinforces a positive outlook, suggesting that the stock remains a viable option for investors across varying timelines. However, as with any investment, potential risks and market conditions should be evaluated before taking any positions.