SEA LTD-ADR (NYSE:SE) Reveals Intriguing Technical Aspects. Here's What You Need to Know.

We've identified SEA LTD-ADR (NYSE:SE) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NYSE:SE for further developments.

What is the technical picture of NYSE:SE telling us.

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Taking everything into account, SE scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SE is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• SE is part of the Entertainment industry. There are 73 other stocks in this industry. SE outperforms 88% of them.
• SE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month SE has a been trading in the 67.00 - 76.60 range, which is quite wide. It is currently trading near the high of this range.
• When comparing the yearly performance of all stocks, we notice that SE is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Check the latest full technical report of SE for a complete technical analysis.

How does the Setup look for NYSE:SE

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:SE this score is currently 9:

Besides having an excellent technical rating, SE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 74.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 72.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SE in the last couple of days, which is a good sign.

How to trade NYSE:SE?

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

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Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.