SEAGATE TECHNOLOGY HOLDINGS (STX) Stock Technical Analysis
USA - NASDAQ:STX - IE00BKVD2N49 - Common Stock
217.51 USD
-2.34 (-1.06%)
217.5 USD
-0.01 (0%)
Overall STX gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that STX is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, STX also shows a nice and consistent pattern of rising prices.
STX is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 81% of 33 stocks in the same industry.
STX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
STX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
STX has an average volume of 3643500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, STX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
155.17
219.69
We found 3 important support areas.
- A support zone ranging from 217.50 to 217.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @167.90 from a trend line in the daily time frame.
- Support @156.74 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 | 94.83 | POSITIVE | STX has a high relative strength, it outperformed 94.83% 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) | 71.39 | OVERBOUGHT | The high RSI value suggests STX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests STX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.4 | NEUTRAL | The Stochastics value for STX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for STX suggests some volalility. |
| Average Directional Index/ADX (14) | 55.59 | POSITIVE | The high ADX value value for STX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 219.21 | 217.49 | 1.72 (0.78%) | 25.00% |
| An entry @219.21. This is a Buy Stop order right above the 10 day moving average. | An exit @217.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.72 points, which is 0.78%. | For a 0.20% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of STX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
217.51
-2.34 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-1.06%
1 Week-1.68%
2 Weeks10.98%
1 Month26.18%
3 Month53.78%
6 Month156.14%
12 Month100.03%
2 Year229.81%
3 Year308.62%
5 Year341.47%
10 Year385.51%
15 Year1748%
Volatility
ATR(14)7.62
ATR(20)%3.35%
ATR Inc6.25%
Range Today7.76
ADR(20)6.92
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.83
Mansfield6.96
10 Day High231.96
10 Day Low199.65
20 Day High231.96
20 Day Low163.86
52 Week High231.96
52 Week Low63.19
CS1 End217.5
CR1 StartN/A
Volume & EV
DER(3)1.56%
DER(5)0.72%
Volume2.48M
Volume Incr8.22%
Vol(5)4.09M
Vol(50)3.64M