VOLUME
Buy
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

STX.L Forecast and Technical Stock Analysis

Sell candidate since 2019-07-15 Loss -4.55%

Seagate Technology PLC fell by -0.94% in the last day ( Wednesday, 17th Jul 2019 ) from £1.06 to £1.05 and has now fallen 4 days in a row. During day the stock fluctuated 3.85% from a day low at £1.04 to a day high of £1.08. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased in the last day by 122 686 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 210 778 shares bought and sold for approximately £221 317.00.

Quick summary:

  • 30 day high of the STX.L stock price was £1.16 and low was £1.02.
  • 90 day high was £1.24 and low was £0.78.
  • 52 week high for the Seagate Technology PLC - £49.60 and low - £0.27.
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Trend

Seagate Technology PLC has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £1.06. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

There are few to none technical positive signals at the moment. Seagate Technology PLC holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £1.10 and £1.12. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday July 12, 2019, which indicates further falls until a new bottom pivot has been found. Seagate Technology PLC gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".

Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 80 ]

RSI14 is 41 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 behavior.

Support & Resistance

Seagate Technology PLC finds support from accumulated volume at £1.00.

Support: £1.00 Price: £1.05 Resistance: £1.13

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.04 (3.85%) between high and low. For the last week, the stock has had a daily average volatility of 4.11%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

4.11 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

The Seagate Technology PLC stock holds several negative signals and despite the positive trend we believe Seagate Technology PLC will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Stronger Sell Today STX.L ranks #4619 as SELL CANDIDATE #4619 Weaker Sell

Will STX.L stock price go up or down on Fri, 19 Jul 2019?

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