DBS: Holding $53.20–$53.60 Key to Retest $54.80 High
$DBS(D05.SI)$
$53.92 (−0.02%): Sideways on light volume; hold $53.20–$53.60 keeps $54.20–$54.80 breakout path open
Market Recap (as of Oct 31, 2025):
DBS finished at $53.92 on a tight tape (range $53.72–$54.08). Volume 1.32M vs 3.95M avg (~0.34×), pointing to simple consolidation rather than distribution.
Shares sit ~1.6% below the 52-wk high $54.80.
Technical Indicators Analysis:
RSI(14) ~60 (firm, not overbought). MACD is slightly positive with a small histogram as price rides above short-term EMAs (9-period).
Base case next 1–3 weeks: sideways-up while $53.2–$53.6 holds. A strong daily close back through $54.2 would set up a run at the prior high.
Support / Resistance: Support: $53.20/$51.50 Resistance: $54.80/$54
Valuation and Target Range:
TTM P/E ≈ 13.7, beta ~0.50, forward dividend yield ~4.90%.
Near-term trading map: defend $53.2–$53.6 → aim $54.2–$54.8; confirmed breakout > $54.8 targets $55.5–$56.0. A daily close < $53.2 opens $52.3–$52.6.
Risk Statement:
NIM trends, credit costs, and Singapore macro/regionals can trump technicals around earnings or guidance. Technical commentary only—use strict risk controls.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 31, 2025). Prepared by Tiger Morning Brief | For internal use only.
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