SEAGATE TECHNOLOGY HOLDINGS (STX) Stock Technical Analysis
NASDAQ:STX - Nasdaq - IE00BKVD2N49 - Common Stock - Currency: USD
Overall STX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
STX is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 90% of 32 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.
In the last month STX has a been trading in the 140.29 - 153.88 range, which is quite wide. It is currently trading near the high of this range.
STX has an average volume of 4171920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that STX is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, STX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 150.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 149.97, a Stop Loss order could be placed below this zone.
More info and screens
145.11
154.30
We found 1 important support area.
- A support zone ranging from 146.58 to 149.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 150.90 to 152.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 93.93 | POSITIVE | STX has a high relative strength, it outperformed 93.93% 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) | 64.72 | NEUTRAL | The RSI value for STX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests STX has a negative trend. |
| Stochastics (14,3) | 88.45 | OVERBOUGHT | The high Stochastics value suggests STX may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for STX suggests some volalility. |
| Average Directional Index/ADX (14) | 45.41 | 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 |
|---|---|---|---|
| 152.78 | 146.57 | 6.21 (4.06%) | 24.60% |
| An entry @152.78. This is a Buy Stop order right above the resistance zone. | An exit @146.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.21 points, which is 4.06%. | For a 1.00% total portfolio risk, you can invest 24.60% 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.
150.89
-1.84 (-1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-1.2%
1 Week1.22%
2 Weeks2.52%
1 Month7.25%
3 Month82.45%
6 Month39.47%
12 Month45.53%
2 Year137.62%
3 Year88.66%
5 Year233.68%
10 Year198.2%
15 Year1102.31%
Volatility
ATR(14)4.2
ATR(20)%2.7%
ATR Inc-7.27%
Range Today4.9
ADR(20)4
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.93
Mansfield3.34
10 Day High153.88
10 Day Low144.76
20 Day High153.88
20 Day Low140.29
52 Week High153.88
52 Week Low63.19
CS1 End149.97
CR1 Start150.9
Volume & EV
DER(3)0.19%
DER(5)0.36%
Volume3.13M
Volume Incr-24.07%
Vol(5)3.22M
Vol(50)4.17M