The Sea Group $Sea Ltd(SE)$ stock price fell by -0.89% on Friday, 14th Jul 2023 from $63.06 to $62.50. During the last trading day the stock fluctuated 2.64% from a day low at $61.56 to a day high of $63.19. The price has risen in 6 of the last 10 days and is up by 9.88% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 4 million shares were bought and sold for approximately $226.50 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.39% during the next 3 months and, with a 90% probability hold a price between $37.76 and $49.80 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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 $59.14 and $60.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, July 07, 2023, and so far it has risen 13.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Sea Group stock

Sea Group finds support from accumulated volume at $60.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.63 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 3.54%.

Our recommended stop-loss: $60.14 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (SE) For The Trading Day Of Monday 17th

For the trading day on Monday, 17th we expect Sea Limited to open at $62.42, and during the day (based on 14 day Average True Range), to move between $60.12 and $64.88, which gives a possible trading interval of +/-$2.38 (+/-3.81%) up or down from last closing price. If Sea Limited takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $64.36 (2.98%) than the support at $60.48 (3.23%), 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 are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.