Sea Limited Stock Rises 3.11% To $158.29 In Technical Rebound

Sea Limited (SE) concluded the latest session with a 3.11% gain, closing at $158.29. This marks the stock's second consecutive advance, bringing its two-day rally to 3.19%. The price recovery follows a test of the $149.84 support level in the prior session, setting the stage for further technical assessment.
Candlestick Theory
Recent price action reveals a potential bullish reversal pattern, with the June 23 session forming a hammer candlestick (low: $149.84, close: $153.52) after touching the critical $150 support zone. This was confirmed by a strong white candle on June 24, closing near its high of $160.27. Immediate resistance is established at $160.27–$160.60 (June 16 and 24 highs), while solid support rests at $149.84–$150, aligning with the March 2025 consolidation base.
Moving Average Theory
The 50-day SMA ($146) and 100-day SMA ($138) both slope upward, confirming an intermediate bullish trend. The 200-day SMA ($120) provides long-term support. The current price holding above all three key SMAs signals sustained bullish momentum. A bullish crossover of the 50-day SMA above the 100-day SMA in April 2025 further validated the trend reversal from the Q1 2025 lows.
MACD & KDJ Indicators
MACD shows a bullish crossover emerging near the zero line, suggesting strengthening momentum. KDJ readings (K: 68, D: 58, J: 88) indicate the stock is approaching overbought territory but hasn’t yet triggered a reversal signal. This confluence implies near-term upside potential remains, though further gains could intensify profit-taking pressure.
Bollinger Bands
Price rebounded from the lower band ($152) on June 20, and the subsequent breakout above the 20-day midline ($155) signals regained bullish control. Band width contracted sharply in late May (volatility low of 5.5%) before expanding during the June recovery, confirming conviction in the move. Current prices hover near the upper band ($161), which may cap immediate gains.
Volume-Price Relationship
The latest rally saw volume surge to 3.87M shares vs. the prior day’s 2.63M, validating buyer commitment. Notably, June’s key up days (June 16: +2.47%, volume 4.10M; June 24: +3.11%, volume 3.87M) exhibited higher volume than down days, confirming accumulation. The April rally from $142 to $172 saw record volume spikes (e.g., April 9: 10.64M shares), establishing $142–$145 as high-conviction support.
Relative Strength Index (RSI)
The 14-day RSI (62) has rebounded from oversold levels (sub-35 in May) but remains below the overbought threshold (70). The gradual ascent from mid-May aligns with steady price recovery, indicating sustainable momentum. RSI divergence was absent during June’s pullback, reinforcing the bullish structure. However, a break above 70 could signal overheating.
Fibonacci Retracement
Applying Fib levels to the March–June 2025 decline (peak: $172.09; trough: $139.12), the 50% retracement ($155.60) was decisively breached on June 24. The next resistance aligns with the 61.8% level ($159.40), converging with the $160 psychological barrier. A sustained close above this zone could trigger a move toward the 78.6% retracement ($163.90).
Confluence and Divergence
Multiple indicators reinforce the $150 support: it aligns with the 38.2% Fib level ($152.20), the 100-day SMA, and the hammer candlestick’s low. Resistance at $159.40–$160 converges with the upper Bollinger Band and the 61.8% Fib level. No material divergences exist between oscillators and price action, suggesting trend unanimity. The MACD-KDJ convergence and volume-backed breakout indicate a high-probability continuation pattern, though RSI’s approach to overbought territory warrants vigilance for near-term consolidation.
(\SMA values are approximations based on dataset range; precise calculation requires full 200-day data.)