Heckyl sentiment based strategy indicated a shift in sentiment for Sembcorp Marine from bearish to bullish at the beginning of September 2017. Since then, sentiment for the Singapore based global marine and offshore engineering company remained in bullish territory.
Our sentiment score analyses the potential impact of news on the stock prices in real-time. By using our sentiment score, we have prepared strategy that indicates bullish/bearish signals based on the crossover of fast and slow moving averages of the daily sentiment value.
In October, Sembcorp Marine witnessed a spike in bullish sentiment. As a result, the stock had delivered a return of over 17% during this bullish phase (See Image 1 below).