STX.L Forecast and Technical Stock Analysis
Buy candidate since 2019-09-13 PDF
Seagate Technology PLC gained 0.54% in the last trading day ( Friday, 13th Sep 2019 ), rising from £1.84 to £1.85 During the day the stock fluctuated 2.73% from a day low at £1.83 to a day high of £1.88. The price has risen in 6 of the last 10 days and is up by 4.52% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 66 789 more shares were traded than the day before. In total, 139 452 shares bought and sold for approximately £257 986.00.
- 30 day high of the STX.L stock price was £1.94 and low was £1.70.
- 90 day high was £2.02 and low was £1.00.
- 52 week high for Seagate Technology PLC - £49.60 and low - £0.27.
Seagate Technology PLC lies in the middle of a very 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 71.56% during the next 3 months and, with 90% probability hold a price between £2.76 and £4.30 at the end of this period.
Only positive signals in the chart today. Seagate Technology PLC holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £1.88. On a fall, the stock will find some support from the long-term average at approximately £1.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday September 12, 2019, which indicates further gains until a new top pivot has been found. Seagate Technology PLC has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £1.75 and £1.69.
There is 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 PLC finds support just below today's level at £1.75. If this is broken, then the next support from accumulated volume will be at £1.69 and £1.67.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.05 (2.73%) between high and low. For the last week, the stock has had daily average volatility of 2.93%.
Our recommended stop-loss: £1.74 (-6.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
2.93 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!