Londinia Opportunities Analyses - 05/07/2024 (GMT) SEAGATE TECHNOLOGY HLD. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	STX
ISIN:	IE00B58JVZ52

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 90.24 USD

My targets

92.04 USD (+1.32%)

93.66 USD (+3.10%)

My analysis

SEAGATE TECHNOLOGY HLD. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 90.24 USD. The next resistance located at 92.04 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 93.66 USD. After this resistance, buyers could then target 97.82 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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Additional analysis

Quotes

SEAGATE TECHNOLOGY HLD. rating 90.84 USD. The price has increased by +1.10% since the last closing and was between 89.87 USD and 90.85 USD. This implies that the price is at +1.08% from its lowest and at -0.01% from its highest.

89.87

90.85

90.84

Here is a more detailed summary of the historical variations registered by SEAGATE TECHNOLOGY HLD.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SEAGATE TECHNOLOGY HLD. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	87.84	89.21	90.24	90.84	92.04	93.66	97.82
Change (%)	-3.30%	-1.79%	-0.66%	-	+1.32%	+3.10%	+7.68%
Change	-3.00	-1.63	-0.60	-	+1.20	+2.82	+6.98
Level	Minor	Intermediate	Intermediate	-	Minor	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	85.27	86.64	88.24	89.61	91.21	92.58	94.18
Camarilla	89.03	89.31	89.58	89.85	90.12	90.40	90.67
Woodie	85.40	86.70	88.37	89.67	91.34	92.64	94.31
Fibonacci	86.64	87.77	88.47	89.61	90.74	91.44	92.58

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):	69.14
MACD (12,26,9):	1.0900
Directional Movement:	28.97
AROON (14):	50.00
DEMA (21):	90.05
Parabolic SAR (0,02-0,02-0,2):	87.20
Elder Ray (13):	1.12
Super Trend (3,10):	88.17
Zig ZAG (10):	90.54
VORTEX (21):	1.3000
Stochastique (14,3,5):	80.27
TEMA (21):	90.67
Williams %R (14):	-14.14
Chande Momentum Oscillator (20):	2.80
Repulse (5,40,3):	0.3800
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	7.52

MA7:	87.44
MA20:	86.18
MA50:	88.91
MA100:	86.89
MAexp7:	89.95
MAexp20:	88.71
MAexp50:	87.42
MAexp100:	86.90
Price / MA7:	+3.89%
Price / MA20:	+5.41%
Price / MA50:	+2.17%
Price / MA100:	+4.55%
Price / MAexp7:	+0.99%
Price / MAexp20:	+2.40%
Price / MAexp50:	+3.91%
Price / MAexp100:	+4.53%

Quotes : - 15 min delayed data - Actions NASDAQ

News

Don't forget to follow the news on SEAGATE TECHNOLOGY HLD.. At the time of publication of this analysis, the latest news was as follows: