Wilmar Stock Analysis: Drops 0.57%, Testing Support Level

Wilmar International closed at S$3.46 on the Singapore Exchange, down 0.57% on the day, as shares ended at their 20-trading-day low and near the three-month trough of S$3.43. The stock has fallen 3.89% over five days and 6.49% over one month, putting its short-term trend under pressure even as one momentum gauge has reached oversold territory. The data, sourced from the exchange via Yahoo Finance as of 13 October 2026, show a market testing the lower edge of its recent range rather than a confirmed reversal.

Trend & Price Action

Wilmar trades below both its 20-day simple moving average, or SMA20, at S$3.60, and its 50-day average at S$3.71. The SMA20 is sloping down, while no new moving-average crossover has formed. In plain terms, the recent price weakness is consistent with the prevailing trend, and there is not yet a crossover signal suggesting that trend has changed. The price is at the bottom of its 20-day range, with S$3.46 support and S$3.73 resistance. Its three-month range runs from S$3.43 to S$4.00, placing the latest close only slightly above the period low. That proximity can make the level important: holding near the low may stabilize trading, while a break below it would put the recent range floor under further strain.

Oscillators & Momentum

Momentum readings are weak, but they do not all say the same thing. The RSI is 34.7, classified as neutral in the supplied data, while the Stochastic reading is oversold, with %K at 11.5 against %D at 25.6. Oversold conditions mean selling has been persistent relative to recent trading; they can precede a bounce, but do not by themselves confirm one. The MACD remains negative at -0.064, below its -0.058 signal line, with a negative histogram of -0.006. This indicates that downward momentum is still in place. The contrast between an oversold Stochastic and negative MACD points to potential short-term exhaustion without clear evidence of a broader reversal.

Volatility & Volume

Wilmar’s Bollinger position reinforces the picture of a share pressed toward the lower end of its recent price distribution. The %B reading is 9%, meaning the price sits close to the lower band, at S$3.43; the middle band is S$3.60 and the upper band S$3.76. The band width is 9.1%, described as normal, so the data do not show an unusually tight squeeze that might signal an imminent volatility breakout. The average true range, or ATR, is S$0.09, equivalent to 2.6% of the share price, indicating moderate day-to-day volatility. Trading volume was 3.29 million shares, about 0.6 times the 20-day average of 5.64 million, and is classified as thin. On-balance volume (OBV), which tracks whether volume is accumulating more on rising or falling sessions, is declining. Together, thin turnover and falling OBV suggest the weakness has not yet been met by a clear rise in buying participation.

Key Levels & Scenarios

The immediate test is S$3.46, the 20-day support and latest close. A sustained break below that level would leave S$3.43, the three-month low and lower Bollinger band, as the next nearby reference in the supplied data. If the price instead holds the current floor and recovers, S$3.60—the SMA20 and Bollinger midpoint—would be the first significant barrier, followed by S$3.73 resistance. A move back above the moving average would improve the near-term structure, but the available indicators do not yet confirm that outcome. The oversold Stochastic is a possible early warning that selling pressure has become stretched; negative MACD, declining OBV and the falling SMA20 remain counterweights.

Technical Verdict: HOLD

The technical verdict is HOLD (wait & see). The Stochastic is oversold, but MACD remains negative and the share is below both key moving averages; thin volume and declining OBV also leave the low without convincing evidence of accumulation. The verdict is invalidated if the price falls below S$3.43, the three-month low and lower Bollinger band. - Indicative entry range: S$3.43–S$3.60, bounded by the lower Bollinger band/support and the SMA20. - Indicative exit target: S$3.73, the 20-day resistance. - Indicative stop-loss protection: Below S$3.43, where the supplied support reference would fail. For non-traders, the indicators point to a weak share price that could stabilize, but has not yet shown a clear technical turn.

Technical analysis is not an investment recommendation.

Summary Data Wilmar

Last price	3.46 SGD
Change 1 day / 5 days / 1 month	-0.57% / -3.89% / -6.49%
Trend / MA-cross	downtrend / none
SMA20 / SMA50	3.60 / 3.71
RSI (14) / Stochastic %K	34.7 / 11.5
Bollinger %B / ATR	9% / 0.09
Support / Resistance 20 days	3.46 / 3.73
Data as of	13 October 2026 16:04 WIB

Disclaimer: This technical analysis is generated automatically from exchange data (via Yahoo Finance) and indicators calculated by JournalArta, for information and education only. The verdict and the entry, target and stop-loss levels are not investment advice or a solicitation to buy or sell any security. Investment decisions and their risks rest solely with the reader.