Taking everything into account, STX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, STX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although STX has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 286.21 to 290.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 269.04 to 277.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @251.63 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for STX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STX is up. |
| ChartMill Relative Strength | 98.5 | POSITIVE | STX has a high relative strength, it outperformed 98.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.9 | NEUTRAL | The RSI value for STX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.9 | POSITIVE | The MACD value suggests STX has a positive trend. |
| Stochastics (14,3) | 68.69 | NEUTRAL | The Stochastics value for STX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for STX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.08 | NEGATIVE | The low ADX value for STX suggests a weak or negative trend. |
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-22.16 (-6.71%)
SEAGATE TECHNOLOGY HOLDINGS / STX FAQ
What is the technical rating for STX stock?
ChartMill assigns a technical rating of 10 / 10 to STX.
Can you provide the trend direction for SEAGATE TECHNOLOGY HOLDINGS?
The current trend direction for SEAGATE TECHNOLOGY HOLDINGS (STX) is Bullish.
Can you provide the RSI signal for SEAGATE TECHNOLOGY HOLDINGS?
SEAGATE TECHNOLOGY HOLDINGS (STX) has an RSI value of 58.8963. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SEAGATE TECHNOLOGY HOLDINGS?
The MACD indicator for SEAGATE TECHNOLOGY HOLDINGS (STX) has a value of 1.89578, indicating a bullish trend.
What is the short term momentum for STX stock?
The short term momentum for SEAGATE TECHNOLOGY HOLDINGS (STX) is positive.