Seagate Technology. Stock Forecast

Buy or Hold candidate since Apr 24, 2025 Gain 35.77%

The Seagate Technology. stock price gained 3.56% on the last trading day (Friday, 23rd May 2025), rising from $108.86 to $112.74. During the last trading day the stock fluctuated 4.36% from a day low at $108.43 to a day high of $113.15. The price has risen in 7 of the last 10 days and is up by 17.79% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 6 million shares were bought and sold for approximately $653.66 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to rise 8.21% during the next 3 months and, with a 90% probability hold a price between $76.70 and $122.00 at the end of this 3-month period.

STX Signals & Forecast

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 $108.18 and $88.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 08, 2025, and so far it has risen 69.43%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Seagate Technology. finds support from accumulated volume at $108.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.73 between high and low, or 4.36%. For the last week, the stock has had daily average volatility of 4.12%.

The Seagate Technology. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stock may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $109.52 (-2.86%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 32 days ago.)

Trading Expectations (STX) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Seagate Technology. to open at $111.44, and during the day (based on 14 day Average True Range), to move between $108.88 and $116.60, which gives a possible trading interval of +/-$3.86 (+/-3.42%) up or down from last closing price. If Seagate Technology. takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $108.86, some $3.88 (3.44%) from the current price of $112.74, our system finds the risk reward attractive.

Dividend Warning For STX

Dividend coming up for STX: Ex-dividend date (Wednesday 25th June, 2025) is 32 days away. The dividend is $0.720.

Is Seagate Technology. stock A Buy?

Seagate Technology. holds several positive signals and is within a weak 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: 6.706 Strong Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on May 27, 2025 - $111.44 ( 1.15%).