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

Highlights

SE closes within previous day's range

Overview

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):

Daily technical analysis candlestick chart for Sea Limited American Depositary Shares each representing one Class A (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.


Market Conditions for SE as at Jul 31, 2020

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