VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Tuesday September 03, 2019 and based on theory for this formation the price should go up by 0.14% to £1.89 within 4 trading days since signal was issued (Monday September 09, 2019).

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.

Support: £1.75 Price: £1.85 Resistance: £1.90

Risk

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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

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.

Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU

Will STX.L stock price go up or down on Tue, 17 Sep 2019?

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