SE closes within prior day's range
Sea Limited American Depositary Shares each representing one Class A (SE) Technical Analysis Report for Jul 31, 2020 | by Techniquant Editorial Team
SE finished the month 13.95% higher at 122.20 after losing $0.09 (-0.07%) today, underperforming the S&P 500 (0.77%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.
Daily Candlestick Chart (SE as at Jul 31, 2020):
Friday's trading range has been $5.73 (4.6%), that's slightly below the last trading month's daily average range of $6.19. Weekly volatility is also lower, being slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for SE.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 129.72, upside momentum could accelerate should the stock be able to break out to new highs for the year.