Stock with Momentum: CapitaLand Ascott Trust

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we highlight CapitaLand Ascott Trust (CLAS) (SGX: HMN), which is showing early signs of a short-term bullish reversal.

Key highlights from the technical report:

CapitaLand Ascott Trust

Market Position: We are adding a ‘technical buy’ on CLAS. The stock has broken out of the short-term downtrend line that started in October 2024. CLAS had a strong bullish break above the S$0.900 resistance and is likely to edge up.

Entry Prices and Support Levels: Recommended entry points are at S$0.905, S$0.880, and S$0.840, with established support levels at S$0.870 and S$0.830.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.820. Identified resistance levels are at S$0.920 and S$0.985.

Target Prices: Set at S$0.950, S$1.03, S$1.08, and S$1.10.

Company Overview: CLAS operates as a real estate investment trust (REIT), primarily investing in income-producing real estate and real estate-related assets such as serviced residences, hotels, rental housing properties, and other hospitality assets.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock’s momentum.

Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.