$DBS(D05.SI)$ Near-term, SGD 70.76 is the level currently being tested; SGD 61.63 is a deeper structural “chip” support, not the first support likely to matter. The initial test at SGD 70.76 has not yet been decisively invalidated, but it is fragile rather than confirmed to be holding.
DBS (D05.SI)
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closed at SGD 71.71 on 2026-11-02 , after touching SGD 70.76 intraday . That is only 1.32% below the close, whereas the chip support at SGD 61.63 is 14.06% lower.
The 20-trading-day decline is 7.86% , from SGD 77.83 to SGD 71.71. The sell-off accelerated on 2026-11-02: 11.12 million shares , about 2.50× the 90-day average daily volume. A high-volume down day means the SGD 70.76 low should be treated as a test, not proof of a durable bottom.
Technically, the close sits just above the 20-day lower Bollinger Band of SGD 71.58 , while RSI(6) fell to 10.72 and RSI(12) to 23.55 —an oversold condition that can support a short-term rebound. However, MACD remains bearish and widened again on the latest decline.
The cost-basis distribution places average holding cost near SGD 68.41 , about 4.60% under the latest close. That makes the SGD 68–69 region the more meaningful intermediate demand zone if SGD 70.76 fails. The quoted SGD 61.63 support is supported by older, denser holder positioning, but it is too distant to describe as the immediate pivot.
What would indicate SGD 70.76 is holding: a recovery away from that low with noticeably reduced selling volume, followed by a reclaim of the SGD 73.1–73.2 area, where the distribution shows substantial positioning.
What would weaken that view: a daily close below SGD 70.76 with sustained elevated volume. In that case, the chart would likely shift attention first to SGD 68.4 , rather than implying an immediate move to SGD 61.63. The gap from SGD 70.76 to SGD 61.63 is 12.90% , so those are different time-horizon support levels.
DBS
71.71
-1.42
-1.42(-1.94%)
Nov 02 17:16 SGT
Information is for reference only and does not constitute investment advice.
Content is generated by AI, please check carefully
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Is DBS oversold enough for a rebound from SGD 70.76?
Will DBS drop to the chip support at SGD 61.63?
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