Sea Group Stock Forecast
Green day on Thursday for Sea Group stock after gaining 1.20%
(Updated on Apr 18, 2024)
The Sea Group stock price gained 1.20% on the last trading day (Thursday, 18th Apr 2024), rising from $55.63 to $56.30. During the last trading day the stock fluctuated 3.60% from a day low at $56.10 to a day high of $58.12. The price has risen in 6 of the last 10 days and is up by 5.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $294.95 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $53.74 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 44.19% during the next 3 months and, with a 90% probability hold a price between $77.49 and $99.38 at the end of this 3-month period.
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SE Signals & Forecast
The Sea Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $55.30 and $55.63. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -7.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sea Group stock
Sea Group finds support from accumulated volume at $55.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.02 (3.60%) between high and low. For the last week, the stock has had daily average volatility of 4.85%.
Our recommended stop-loss: $53.80 (-4.45%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (SE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Sea Limited to open at $56.84, and during the day (based on 14 day Average True Range), to move between $53.97 and $58.63, which gives a possible trading interval of +/-$2.33 (+/-4.14%) up or down from last closing price. If Sea Limited takes out the full calculated possible swing range there will be an estimated 8.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $56.38 (0.14%) than the support at $55.75 (0.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sea Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sea Group stock to perform well in the short-term.
Current score: 2.103 Buy Candidate Unchanged
Predicted Opening Price for Sea Limited of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$56.84 ( 0.96%) | $56.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.86 | 4.55 % | |
R2 | 58.09 | 3.18 % | ||
R1 | 57.61 | 2.33 % | ||
Current price: | 56.30 | |||
Support | S1 | 56.07 | -0.411 % | |
S2 | 55.59 | -1.26 % | ||
S3 | 54.82 | -2.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 60.75 | 7.90 % | |
R2 | 59.22 | 5.19 % | ||
R1 | 56.38 | 0.142 % | ||
Current price | 56.30 | |||
Support | S1 | 55.75 | -0.98% | |
S2 | 53.90 | -4.26% | ||
S3 | 51.05 | -9.33% |
SE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 05, 2017 | Feb 13, 2017 | Mar 01, 2017 | $0.440 | 0% |
2 | Oct 19, 2016 | Nov 08, 2016 | Dec 06, 2016 | $0.405 | 0% |
3 | Jul 05, 2016 | Aug 10, 2016 | Sep 07, 2016 | $0.405 | 0% |
4 | Apr 26, 2016 | May 11, 2016 | Jun 07, 2016 | $0.405 | 0% |
5 | Jan 05, 2016 | Feb 10, 2016 | Mar 08, 2016 | $0.405 | 0% |
FAQ
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