SEAGATE TECHNOLOGY HLD.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	STX
ISIN:	IE00B58JVZ52

SEAGATE TECHNOLOGY HLD. - 1H - Technical analysis published on 05/08/2024 (GMT)

Londinia

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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%

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

4.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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:

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

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

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 : - 15 min delayed data - NASDAQ Stocks

News

The last news published on SEAGATE TECHNOLOGY HLD. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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