SEAGATE TECHNOLOGY HLD. - 1H - Technical analysis published on 06/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 101.38 USD
My targets
107.76 USD (+1.74%)
111.65 USD (+5.42%)
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 101.38 USD. The next resistance located at 107.76 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 111.65 USD. After this resistance, buyers could then target 118.03 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SEAGATE TECHNOLOGY HLD. price is 105.91 USD. On the day, this instrument lost -0.07% and was traded between 105.52 USD and 107.91 USD over the period. The price is currently at +0.37% from its lowest and -1.85% from its highest.105.52
107.91
105.91
Here is a more detailed summary of the historical variations registered by SEAGATE TECHNOLOGY HLD.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SEAGATE TECHNOLOGY HLD. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 9 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 93.66 | 97.82 | 105.80 | 105.91 |
| Change (%) | -11.57% | -7.64% | -0.10% | - |
| Change | -12.25 | -8.09 | -0.11 | - |
| Level | Major | Major | 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 | 101.21 | 102.47 | 104.23 | 105.49 | 107.25 | 108.51 | 110.27 |
| Camarilla | 105.15 | 105.43 | 105.70 | 105.98 | 106.26 | 106.53 | 106.81 |
| Woodie | 101.45 | 102.60 | 104.47 | 105.62 | 107.49 | 108.64 | 110.51 |
| Fibonacci | 102.47 | 103.63 | 104.34 | 105.49 | 106.65 | 107.36 | 108.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.22 | 91.11 | 97.49 | 101.38 | 107.76 | 111.65 | 118.03 |
| Camarilla | 101.04 | 101.98 | 102.92 | 103.86 | 104.80 | 105.74 | 106.68 |
| Woodie | 88.46 | 91.73 | 98.73 | 102.00 | 109.00 | 112.27 | 119.27 |
| Fibonacci | 91.11 | 95.04 | 97.46 | 101.38 | 105.31 | 107.73 | 111.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.46 | 77.40 | 85.32 | 92.26 | 100.18 | 107.12 | 115.04 |
| Camarilla | 89.15 | 90.52 | 91.88 | 93.24 | 94.60 | 95.96 | 97.33 |
| Woodie | 70.95 | 77.65 | 85.81 | 92.51 | 100.67 | 107.37 | 115.53 |
| Fibonacci | 77.40 | 83.08 | 86.58 | 92.26 | 97.94 | 101.44 | 107.12 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.63 | |
| MACD (12,26,9): | 1.0500 | |
| Directional Movement: | 12.14 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 106.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.91 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 104.39 | |
| Zig ZAG (10): | 105.56 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 60.28 | |
| TEMA (21): | 106.67 | |
| Williams %R (14): | -52.16 | |
| Chande Momentum Oscillator (20): | 1.17 | |
| Repulse (5,40,3): | -1.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 4.98 |
| MA7: | 103.48 | |
| MA20: | 97.52 | |
| MA50: | 92.33 | |
| MA100: | 90.71 | |
| MAexp7: | 106.16 | |
| MAexp20: | 105.44 | |
| MAexp50: | 103.04 | |
| MAexp100: | 100.13 | |
| Price / MA7: | +2.35% | |
| Price / MA20: | +8.60% | |
| Price / MA50: | +14.71% | |
| Price / MA100: | +16.76% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +2.79% | |
| Price / MAexp100: | +5.77% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on SEAGATE TECHNOLOGY HLD. at the time of the analysis were 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
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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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