RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Red day on Wednesday for Seagate Technology PLC
(Updated on Mar 27, 2024)

Sell candidate since Mar 11, 2024 Loss -14.89% PDF

No changes to the price of Seagate Technology PLC stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 7.05% from a day low at £1.92 to a day high of £2.05. The price has been going up and down for this period, and there has been a -13.98% loss for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -69.48% during the next 3 months and, with a 90% probability hold a price between £0.356 and £0.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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STX.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Seagate Technology PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £2.09 and £3.23. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £0.135 between high and low, or 7.05%. For the last week, the stock has had daily average volatility of 8.43%.

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

Trading Expectations (STX.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Seagate Technology PLC to open at £1.99, and during the day (based on 14 day Average True Range), to move between £1.78 and £2.22, which gives a possible trading interval of +/-£0.224 (+/-11.20%) up or down from last closing price. If Seagate Technology PLC takes out the full calculated possible swing range there will be an estimated 22.40% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £2.25, some £0.250 (12.50%) from the current price of £2.00, our system finds the risk reward not very attractive.

Is Seagate Technology PLC stock A Buy?

Seagate Technology PLC holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.385 Sell Candidate Unchanged

Predicted Opening Price for Seagate Technology PLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1.99 ( 0.583%) £2.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for STX.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.12 6.17 %
R2 2.07 3.59 %
R1 2.04 2.00 %
Current price: 2.00
Support S1 1.94 -3.16 %
S2 1.90 -4.75 %
S3 1.85 -7.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.42 21.00 %
R2 2.30 15.00 %
R1 2.25 12.50 %
Current price 2.00
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Seagate Technology PLC Stock and on which exchange is it traded?
The symbol for Seagate Technology PLC is STX.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Seagate Technology PLC Stock?
Seagate Technology PLC holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Seagate Technology PLC Stock?
Seagate Technology PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Seagate Technology PLC Stock.

What's the current price of Seagate Technology PLC Stock?
As of the end of day on the 2024-03-27, the price of an Seagate Technology PLC (STX.L) share was £2.00.

What is the 52-week high and low for Seagate Technology PLC Stock?
The 52-week high for Seagate Technology PLC Stock is £12.85 and the 52-week low is £1.90.

What is the market capitalization of Seagate Technology PLC Stock?
As of the 2024-03-27, the market capitalization of Seagate Technology PLC is 15.641M.

When is the next earnings date for Seagate Technology PLC?
The upcoming earnings date for Seagate Technology PLC is Apr 25, 2024.
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About Seagate Technology PLC

Seagate Technology PLC Shield Therapeutics plc, a specialty pharmaceutical company, engages in the development and commercialization of clinical stage pharmaceuticals to treat unmet medical needs. The company's lead product is Accrufer/Feraccru, a non-salt based oral therapy for the treatment of iron deficiency with or without anemia in adults. It also develops PT20, a novel iron-based phosphate binder that has completed its Phase II pivotal study for the treatment of ... STX.L Profile

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