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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Seagate Technology. stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Nov 29, 2023)


Buy or Hold candidate since Oct 27, 2023 Gain 15.07% PDF
The Seagate Technology. stock price gained 1.99% on the last trading day (Wednesday, 29th Nov 2023), rising from $76.95 to $78.48. During the last trading day the stock fluctuated 1.44% from a day low at $77.92 to a day high of $79.04. The price has risen in 6 of the last 10 days and is up by 5.19% 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, 786 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $161.00 million.

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The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.82% during the next 3 months and, with a 90% probability hold a price between $82.91 and $96.70 at the end of this 3-month period.

STX Signals & Forecast

Mostly positive signals in the chart today. The Seagate Technology. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $76.96 and $71.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, September 12, 2023, and so far it has risen 25.13%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

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Support, Risk & Stop-loss for Seagate Technology. stock

On the downside, the stock finds support just below today's level from accumulated volume at $65.84 and $65.37. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Seagate Technology. finds support just below today's level at $65.84. If this is broken, then the next support from accumulated volume will be at $65.37 and $63.44.

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 $1.12 between high and low, or 1.44%. For the last week, the stock has had daily average volatility of 1.56%.

Our recommended stop-loss: $75.81 (-3.40%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 55 days ago.)

Trading Expectations (STX) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Seagate Technology. to open at $78.48, and during the day (based on 14 day Average True Range), to move between $76.80 and $80.16, which gives a possible trading interval of +/-$1.68 (+/-2.14%) up or down from last closing price. If Seagate Technology. takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $65.84, some $12.64 (16.11%) from the current price of $78.48, our system finds the risk reward attractive.

Is Seagate Technology. stock A Buy?

Seagate Technology. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.636 Open Broker Account

Strong Buy Candidate Upgraded

Predicted Opening Price for Seagate Technology. of Thursday, November 30, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price November 30, 2023 Current price
$78.48 $78.48 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 79.60 1.43 %
R2 79.17 0.88 %
R1 78.91 0.545 %
Current price: 78.48
Support S1 78.05 -0.545 %
S2 77.79 -0.88 %
S3 77.36 -1.43 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 78.48
Support S1 65.84 -16.11%
S2 65.37 -16.70%
S3 63.44 -19.16%
What is the symbol for Seagate Technology. Stock and on which exchange is it traded?
The symbol for Seagate Technology. is STX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Seagate Technology. Stock?
Seagate Technology. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Seagate Technology. Stock?
Seagate Technology. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Seagate Technology. Stock.

What's the current price of Seagate Technology. Stock?
As of the end of day on the 2023-11-29, the price of an Seagate Technology. (STX) share was $78.48.

What is the 52-week high and low for Seagate Technology. Stock?
The 52-week high for Seagate Technology. Stock is $79.04 and the 52-week low is $48.94.

What is the market capitalization of Seagate Technology. Stock?
As of the 2023-11-29, the market capitalization of Seagate Technology. is 16.097B.

When is the next earnings date for Seagate Technology.?
The upcoming earnings date for Seagate Technology. is 2024-01-24 00:00:00.

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About Seagate Technology.

Seagate Technology. Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Cri... STX Profile

STX Dividend Data

4.60%

Dividend Yield (TTM)
Payout Ratio (TTM) -78.17%
Next Ex-Dividend Date Dec 20, 2023
Next Payment Date Jan 09, 2024
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