SEAGATE TECHNOLOGY HLD. - 1H - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 87.84 USD
My targets
90.24 USD (+0.83%)
92.04 USD (+2.84%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SEAGATE TECHNOLOGY HLD. as long as the price remains well above 87.84 USD. The buyers' bullish objective is set at 90.24 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 92.04 USD. If there is any crossing, the next objective would be the resistance located at 93.66 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SEAGATE TECHNOLOGY HLD. rating 89.50 USD. The price is lower by -0.01% since the last closing with the lowest point at 88.76 USD and the highest point at 90.04 USD. The deviation from the price is +0.83% for the low point and -0.60% for the high point.88.76
90.04
89.50
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SEAGATE TECHNOLOGY HLD. indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 84.63 | 86.32 | 87.84 | 89.50 | 90.24 | 92.04 | 93.66 |
Change (%) | -5.44% | -3.55% | -1.85% | - | +0.83% | +2.84% | +4.65% |
Change | -4.87 | -3.18 | -1.66 | - | +0.74 | +2.54 | +4.16 |
Level | Major | Intermediate | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 87.56 | 88.48 | 89.00 | 89.92 | 90.44 | 91.36 | 91.88 |
Camarilla | 89.11 | 89.25 | 89.38 | 89.51 | 89.64 | 89.77 | 89.91 |
Woodie | 87.35 | 88.38 | 88.79 | 89.82 | 90.23 | 91.26 | 91.67 |
Fibonacci | 88.48 | 89.03 | 89.37 | 89.92 | 90.47 | 90.81 | 91.36 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 81.70 | 83.02 | 85.26 | 86.58 | 88.82 | 90.14 | 92.38 |
Camarilla | 86.52 | 86.85 | 87.17 | 87.50 | 87.83 | 88.15 | 88.48 |
Woodie | 82.16 | 83.25 | 85.72 | 86.81 | 89.28 | 90.37 | 92.84 |
Fibonacci | 83.02 | 84.38 | 85.22 | 86.58 | 87.94 | 88.78 | 90.14 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 68.67 | 75.49 | 80.70 | 87.52 | 92.73 | 99.55 | 104.76 |
Camarilla | 82.60 | 83.71 | 84.81 | 85.91 | 87.01 | 88.12 | 89.22 |
Woodie | 67.87 | 75.09 | 79.90 | 87.12 | 91.93 | 99.15 | 103.96 |
Fibonacci | 75.49 | 80.09 | 82.93 | 87.52 | 92.12 | 94.96 | 99.55 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 56.79 | |
MACD (12,26,9): | 0.6600 | |
Directional Movement: | 7.31 | |
AROON (14): | -35.71 | |
DEMA (21): | 90.30 | |
Parabolic SAR (0,02-0,02-0,2): | 88.67 | |
Elder Ray (13): | 0.06 | |
Super Trend (3,10): | 88.49 | |
Zig ZAG (10): | 89.53 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 42.47 | |
TEMA (21): | 90.29 | |
Williams %R (14): | -64.04 | |
Chande Momentum Oscillator (20): | -0.24 | |
Repulse (5,40,3): | -0.2500 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.1500 | |
Courbe Coppock: | 1.33 |
MA7: | 87.78 | |
MA20: | 86.22 | |
MA50: | 88.89 | |
MA100: | 86.94 | |
MAexp7: | 89.69 | |
MAexp20: | 89.34 | |
MAexp50: | 88.10 | |
MAexp100: | 87.36 | |
Price / MA7: | +1.96% | |
Price / MA20: | +3.80% | |
Price / MA50: | +0.69% | |
Price / MA100: | +2.94% | |
Price / MAexp7: | -0.21% | |
Price / MAexp20: | +0.18% | |
Price / MAexp50: | +1.59% | |
Price / MAexp100: | +2.45% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on SEAGATE TECHNOLOGY HLD. at the time of the generation of this analysis was as follows:
- Seagate Federal and KLC Group Announce Strategic Partnership for NSA CSfC Data-at-Rest Solutions
- OORT Collaborates with Seagate Lyve Services to Strengthen AI-Focused Decentralized Cloud Services
- SHAREHOLDER ALERT: Levi & Korsinsky Notifies Seagate Technology Holdings plc(STX) Investors of a Class Action Lawsuit and Upcoming Deadline
- STX Investors Have Opportunity to Lead Seagate Technology Holdings plc Securities Fraud Lawsuit
- SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Seagate Technology Holdings plc of a Class Action Lawsuit and a Lead Plaintiff Deadline of September 8, 2023 - (NASDAQ: STX)
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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