Introduction to Sembcorp Industries Ltd

Lim & Tan Securities has provided an in-depth technical analysis of Sembcorp Industries Ltd, forecasting a bullish price direction in the short term. This analysis evaluates the stock’s short-term, medium-term, and long-term trends, offering actionable insights for investors based on comprehensive technical indicators.

Short-Term Analysis: Bullish Momentum

The analysis highlights that Sembcorp Industries’ stock price has shown a positive shift in its prevailing trend after a 5.9% decline from its 2025 peak of \$4.74 on January 9, 2025. This indicates a recovery from previous bearish momentum.

The bullish outlook is supported by the following technical indicators:

• Bollinger Bands: Both the upper and lower Bollinger Bands are trending upward, signaling a bullish trend for the underlying security.
• Relative Strength Index (RSI): Currently at 46, the RSI remains below the overbought threshold of 70, indicating significant room for further price appreciation before a potential pullback.

For the near term, the stock’s upside is expected to be capped at the \$5.67 resistance level, which corresponds to the daily high recorded on January 23, 2025. On the downside, support is identified at \$5.27, reflecting the trend low observed on February 13, 2025. These levels provide a clear framework for investors to gauge potential price movements.

Technical Chart Overview: Daily Chart

The daily chart of Sembcorp Industries since August 2024 further solidifies the short-term bullish outlook. Key levels to note include:

• Last Done: \$5.40
• Resistance: \$5.67
• Support: \$5.27

Medium-Term Analysis: Sideways Trend

In the medium term, the analysis depicts a sideways trend for Sembcorp Industries. Investors should be mindful of the following resistance and support levels:

• Resistance: \$5.85
• Support: \$5.10

The medium-term trend suggests limited directional movement, providing a neutral stance for investors during this period.

Long-Term Analysis: Bullish Prospects

From a long-term perspective, the outlook for Sembcorp Industries remains bullish. The monthly chart since 2010 highlights potential for sustained appreciation, with key levels identified as follows:

• Resistance: \$6.25
• Support: \$4.90

This long-term bullish sentiment aligns with broader market trends and positions Sembcorp Industries as a promising investment for those with a longer horizon.