Stock Analysis: Venture Corporation Ltd (SGX: V03)
1. Trend Analysis
- Overall Trend: The stock has shown a mix of uptrends, downtrends, and ranging periods.
- Recent Trend:
- From October 2023 to May 2024, the price was in an uptrend, making higher highs (HH) and higher lows (HL) (e.g., HH: 14.74 in May, HL: 13.27 in May).
- After the peak at 15.64 (August 2024), the stock started a downtrend, making lower highs (LH) and lower lows (LL) (e.g., LH: 14.18 in September, LL: 13.47 in September).
- Currently, the stock is in a sideways consolidation phase, bouncing between 12.11 (support) and 13.10–13.24 (resistance).
- Signs of Trend Weakening:
- Overlapping candles, smaller trend bars, and a lack of strong momentum in the recent price action indicate indecision.
2. Key Price Action Signals
- Strong Trend Bars & Follow-Through:
- The July-August 2024 breakout above 14.63 was strong, but it failed to hold above 15.64, leading to a sharp rejection.
- The strong bearish drop in September suggests sellers took control.
- Reversal Bars:
- The 15.64 peak formed a strong rejection wick, signaling exhaustion.
- The 13.47 low in September acted as a temporary support but was broken later.
- The 12.11 low in early 2025 formed a bullish bounce, suggesting buyers stepping in.
- Inside Bars & Consolidation:
- Several inside bars are forming in the 12.50–13.10 range, indicating consolidation. A breakout from this range could dictate the next direction.
- Doji Bars & Indecision:
- Multiple doji bars around 13.22–13.24, showing market indecision.
3. Support & Resistance Levels
- Support Levels:
- 12.11 (Recent swing low – buyers defending this area)
- 12.50 (Minor support from previous reactions)
- Resistance Levels:
- 13.24–13.25 (Previous support, now acting as resistance)
- 14.14–14.28 (Major resistance zone from prior highs)
4. Breakout & Pullback Analysis
- Breakouts:
- The August 2024 breakout above 14.63 failed, leading to a downtrend.
- The December 2024 breakout below 12.38 was strong but saw buyers defending 12.11.
- Pullbacks:
- The downtrend pullback to 13.10 in January 2025 failed to break higher, suggesting weak buyers.
- The current bounce from 12.11 is weak unless it clears 13.10–13.24.
5. Market Context & Trading Bias
- Current State: Ranging between 12.11 support and 13.10–13.24 resistance.
- Potential Trend Change?
- If 12.11 breaks, it may continue downwards.
- If price breaks above 13.24, it could attempt to test 14.14 again.
- Trader Psychology:
- Buyers are attempting to hold 12.11, but lack of momentum suggests hesitation.
- Sellers are defending 13.24, keeping the price in a sideways battle.
Conclusion:
- The stock is in a sideways consolidation phase after a previous downtrend.
- A breakout above 13.24 could indicate a move back toward 14.14–14.28, while a break below 12.11 may lead to further downside.
- Traders should watch for strong trend bars with volume to confirm direction.
Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.
Dividend: 5.80%
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