Volume spike: Old Chang Kee (5ML.SI) S$1.15 intraday 17 Jan 2026: watch follow-through
A clear intraday volume spike pushed Old Chang Kee Ltd. (5ML.SI) to S$1.15 on SES on 17 Jan 2026, with 23,700 shares traded. The stock sits above its 50-day average of S$1.1426 and closed higher by S$0.01 or 0.88% versus the prior close of S$1.14. The volume is about 2.23x the 10,616 average, flagging a genuine volume-led move. Traders should watch whether this spike produces follow-through above the year high of S$1.20 or fades back toward key support.
Intraday volume spike: 5ML.SI stock moves higher
Volume was the main driver today for 5ML.SI stock. Trade volume reached 23,700 versus an average of 10,616, roughly 2.23x the norm.
Price action was contained between S$1.14 and S$1.15 intraday, showing buying interest but limited breadth. The immediate test is whether volume sustains above average to push past the S$1.20 year high.
Fundamentals and valuation
Old Chang Kee Ltd. (5ML.SI) trades at S$1.15 with a market cap of S$139,580,905 and EPS S$0.08. The reported PE is 14.37, and book value per share is S$0.47.
The company shows a current ratio 2.25 and debt to equity 0.40, supporting balance-sheet resilience for a consumer cyclical name. Dividend per share is S$0.02, implying a yield of about 1.74%.
Technical read and sector context
Technicals look neutral-to-positive for the intraday move. RSI reads 50.90, and Bollinger Bands span S$1.10–S$1.16, placing price near the upper band.
Sector performance matters. Consumer Cyclical peers show moderate strength year-to-date. If the Singapore restaurants segment rallies, 5ML.SI could get a lift; if discretionary spending slows, the stock is vulnerable.
Meyka AI rates and forecast
Meyka AI rates 5ML.SI with a score of 62.72 out of 100 (Grade B — HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a 12-month price of S$1.4149, a 23.04% implied upside from S$1.15 today. Monthly and quarterly projections sit at S$1.12 and S$1.19 respectively. Forecasts are model-based projections and not guarantees.
Catalysts, risks and earnings context
Positive catalysts include franchise expansion, menu innovation, and steady free cash flow. Old Chang Kee’s free cash flow yield stands near 12.70%, supporting reinvestment and dividends.
Risks include consumer spending shifts, higher food costs, and concentration in Singapore. There is no scheduled earnings announcement today, so watch company releases for revenue and margin updates.
Trading strategy on the volume spike
For intraday and short-term traders, confirm follow-through volume above 23,700 before adding positions. A break above S$1.20 on sustained volume targets S$1.30–S$1.40.
Use stop-loss near the short-term support at S$1.08–S$1.10. Position sizes should reflect the stock’s average liquidity and the intraday volatility shown by an ATR of S$0.02.
Final Thoughts
The intraday volume spike in 5ML.SI stock on 17 Jan 2026 signals attention from buyers, but the move needs follow-through above S$1.20 to confirm momentum. Fundamentals show reasonable valuation with a PE of 14.37, EPS S$0.08, and a solid current ratio of 2.25, which supports resilience in a consumer cyclical name. Technically the stock sits near the upper Bollinger Band and an RSI of 50.90, implying neutral momentum that could turn bullish with sustained volume. Meyka AI’s forecast model projects a 12-month price of S$1.4149, implying +23.04% upside from S$1.15. Traders should watch volume, company updates, and sector trends. Remember that forecasts and the Meyka grade are model outputs and not investment guarantees. For the latest company disclosures, see the Old Chang Kee website and monitor SES announcements. Meyka AI provides this as an AI-powered market analysis platform to help frame decisions, not as financial advice.
FAQs
What caused the intraday volume spike in 5ML.SI stock today?
The spike in 5ML.SI stock to 23,700 shares likely reflects short-term buying interest and order flow above average volume. No major public earnings release was scheduled today, so traders should check company announcements and market sentiment for confirmation.
What are the key support and resistance levels for 5ML.SI?
Near-term resistance is S$1.20 (year high). Immediate support sits around S$1.10, with a lower short-term stop near S$1.08. Watch volume to confirm breaks or failed breakouts.
How does Meyka AI grade 5ML.SI and what does it mean?
Meyka AI rates 5ML.SI 62.72/100 (Grade B, HOLD). The grade factors in benchmark and sector comparison, growth, metrics, forecasts, and analyst signals. It is informational, not investment advice.
What is the Meyka AI price forecast for 5ML.SI?
Meyka AI’s forecast model projects a 12-month price of S$1.4149, about 23.04% above the current S$1.15. Forecasts are model-based projections and are not guarantees.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
