SE stock: buy or sell
Jan 18th, 2021
SE stock brief
- Sea went down a -1.57% after reaching new all-time highs last Thursday
- From the chart point view, price is drawing a scaled uptrend since last November with higher tops and higher bottoms. This uptrend marked a 45.74% gain
- Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally.
Should I buy Sea stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $SE stock a buy?
In the current situation of Sea there is not any eligible buy setup. This doesn't mean we expect a selloff for $SE in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Sea stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Trading strategies give us the ability us to avoid rash decisions based on our personal emotions or the noise that surrounds the market. When selling, as well as buying, detailed strategies are very simple to follow and are only valid for selling stocks in your porfolio, not for selling short $SE stock
As a rule of thumb, you should not hold an investment that results in losses greater than those expected upon the buy. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Sea stock?
In the current situation of Sea there is not any eligible sell setup, so Sea stock holders with operations in green can keep their positions
We don't have any rating posted in the last month for Sea
Sea stock analysis
Sea stock started an uptrend last November, and grew a gorgeous 45.74%. Rising peaks and troughs can be seen easily on a chart and how price action gave very few buy points on the breakouts. Latest pullback was in late December, when price bounced at $178.80. Currently, the price trades in a consolidation between its last top ($237.27) and its last bottom ($178.80)
$SE at All-time Highs
Last Thursday, Sea marked new all-time highs (ATH) again at $237.27. Stock cracked new all-time highs 3 times in the last 10 sessions
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band last Thursday, the price has corrected downwards by 4.73%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
When the fluctuates for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator gets of little use, and we are currently in one of these situations.
Sea stock price history
Sea went public priced at an adjusted price1 of $16.25 on Oct 2017. Since then, SE stock has risen by 1,291.08%, with an average of 430.36% per year. If you had invested thousand dollars in Sea stock on the IPO, it would be valued $13,910.77 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Sea stock
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and usually. If you are a small trader you must not invest based on these projections.
In the last month we couldn't find any price target published for Sea stock.
Earnings and financials
Last November, Sea ($SE) had the earnings call and released the report. SE reported earnings of $-0.69 per share on sales of $1.2 billion. The Wall St estimate was $-0.53 per share on revenue of $1.4 billion.Compared to the same quarter last year, EPS was $-0.41, so current EPS means a reduction of -68.29%. Looking at turnover, figures skyrocketed a 98.67% compared to $6.1B same quarter a year ago.
SE ($SE) is releasing earnings report next March.
Important note:The opinions expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the specific circumstances of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning reasons only
|Friday, January 15th, 2021|
|Day range||$222.08 - $233.48|
|Average true range||$12.99|
|50d mov avg||$190.38|
|100d mov avg||$173.70|
|200d mov avg||$132.88|
|Earnings date||March 2nd, 2021|
Frequently asked questions
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