Weaker Buy Today STX.L ranks #237 as BUY CANDIDATE. Stronger Buy
Today STX.L ranks #237 as BUY CANDIDATE.

STX.L stock Seagate Technology PLC

STX.L stock
Seagate Technology PLC

April 18, 2019
Change 5.16%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will STX.L stock price go up or down on Tue, 23 Apr 2019?

Seagate Technology PLC Forecast and Stock Analysis

Technical STX.L stock analysis for April 18, 2019.

Buy candidate since 2019-03-27 Gain 33.61%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.66
ROA 19.11

Seagate Technology PLC gained 5.16% in the last trading day, rising from £77.50 to £81.50 The price has risen in 4 of the last 10 days and is up by 7.95% 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, 89 004 more shares were traded than the day before. In total, 118 332 shares bought and sold for approximately £9.64 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the STX.L stock was £81.50. This is 5.16% more than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 5.16% from a day low at £77.50 to a day high of £81.50.

30 day high of the STX.L stock price was £83.00 and low was £61.00.
90 day high was £83.00 and low was £35.00.
52 week high for the Seagate Technology PLC - £83.00 and low - £15.10.

Trend

Seagate Technology PLC 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 70.87% during the next 3 months and, with 90% probability hold a price between £120.69 and £147.06 at the end of this period.

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Signals

Only positive signals in the chart today. Seagate Technology PLC holds buy signals from both short- and long-term moving averages. In addition, 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 £78.36 and £68.63. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £76.50 and £73.75.

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 £76.50. If this is broken, then the next support from accumulated volume will be at £73.75 and £66.00.

Support: £76.50 Price: £81.50 Resistance: £83.00

Risk

This stock may move much during a 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 £4.00 between high and low, or 5.16%. For the last week, the stock has had a daily average volatility of 4.51%.

Our recommended stoploss: £77.56 (-4.84%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Seagate Technology PLC 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 recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today STX.L ranks #237 as BUY CANDIDATE. Stronger Buy
Today STX.L ranks #237 as BUY CANDIDATE.