Seatrium Ltd: Charting a Bullish Course in the Short and Medium-Term
Lim & Tan Securities | 24 March 2025
Seatrium Ltd: Bullish Momentum in the Short-Term
According to the technical analysis by the research team at Lim & Tan Securities, the share price of Seatrium Ltd is forecasted to be bullish in the short-term, with a recommended BUY rating.
The report notes that Seatrium’s share price has already moved up by more than 4.3% since the previous technical charting report released on 11-Mar-25, with a positive uptrend in play. The Relative Strength Index (RSI) is currently at 49, indicating ample room for further appreciation before the stock reaches overbought territory.
Additionally, the MACD chart is emitting a positive signal, with the MACD line recently crossing above the signal line, suggesting a bullish crossover.
In the near-term, the research team sees the share price upside for Seatrium being capped at the $2.24 resistance mark, which corresponds to the trend high on 27-Feb-25. However, should the price momentum turn negative, the $2.09 level as outlined by the daily low on 17-Mar-25 could serve as support to limit any further downside in the short-term.
Seatrium Ltd: Bullish Outlook in the Medium-Term
Looking at the weekly chart, the research team’s analysis suggests a bullish outlook for Seatrium Ltd in the medium-term. The report highlights that the stock’s price action has been maintaining a positive trend, with higher highs and higher lows being established over the past year.
The medium-term resistance level is identified at $2.42, while the support is seen at $2.00, providing a healthy trading range for the stock.
Seatrium Ltd: Sideways Trend in the Long-Term
Analyzing the monthly chart, the research team concludes that Seatrium Ltd is in a sideways trend in the long-term. The report notes that the stock has been trading within a broader range, with resistance at $2.50 and support at $1.93.
This suggests that while the short-term and medium-term outlook is bullish, the long-term trend for Seatrium Ltd is more range-bound, with the potential for the stock to oscillate between the identified support and resistance levels.
Conclusion
In summary, the research report from Lim & Tan Securities presents a detailed technical analysis of Seatrium Ltd, highlighting the company’s bullish momentum in the short-term and medium-term, with a sideways trend expected in the long-term. The report provides clear support and resistance levels, as well as insights into the stock’s price action and technical indicators, making it a valuable resource for investors and market watchers interested in Seatrium Ltd.
