SEAGATE TECHNOLOGY HLD. - 1H - Technical analysis published on 07/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 105.10 USD
My targets
109.87 USD (+2.68%)
112.63 USD (+5.26%)
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 105.10 USD. The buyers' bullish objective is set at 109.87 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 112.63 USD. If there is any crossing, the next objective would be the resistance located at 116.30 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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 107.00 USD. On the day, this instrument lost -0.09% and was between 106.17 USD and 107.58 USD. This implies that the price is at +0.78% from its lowest and at -0.54% from its highest.106.17
107.58
107.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SEAGATE TECHNOLOGY HLD.:
Near a 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. The signals given by moving averages are 89.29% 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 is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
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 these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 97.18 | 101.04 | 105.10 | 107.00 | 107.20 |
| Change (%) | -9.18% | -5.57% | -1.78% | - | +0.19% |
| Change | -9.82 | -5.96 | -1.90 | - | +0.20 |
| Level | Intermediate | Major | Major | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.46 | 104.13 | 105.62 | 107.29 | 108.78 | 110.45 | 111.94 |
| Camarilla | 106.23 | 106.52 | 106.81 | 107.10 | 107.39 | 107.68 | 107.97 |
| Woodie | 102.36 | 104.09 | 105.52 | 107.25 | 108.68 | 110.41 | 111.84 |
| Fibonacci | 104.13 | 105.34 | 106.09 | 107.29 | 108.50 | 109.25 | 110.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.01 | 99.77 | 103.44 | 106.20 | 109.87 | 112.63 | 116.30 |
| Camarilla | 105.33 | 105.92 | 106.51 | 107.10 | 107.69 | 108.28 | 108.87 |
| Woodie | 97.46 | 100.00 | 103.89 | 106.43 | 110.32 | 112.86 | 116.75 |
| Fibonacci | 99.77 | 102.23 | 103.75 | 106.20 | 108.66 | 110.18 | 112.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.35 | 82.50 | 92.89 | 100.04 | 110.43 | 117.58 | 127.97 |
| Camarilla | 98.45 | 100.05 | 101.66 | 103.27 | 104.88 | 106.49 | 108.09 |
| Woodie | 76.96 | 83.31 | 94.50 | 100.85 | 112.04 | 118.39 | 129.58 |
| Fibonacci | 82.50 | 89.20 | 93.34 | 100.04 | 106.74 | 110.88 | 117.58 |
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): | 51.57 | |
| MACD (12,26,9): | 0.8800 | |
| Directional Movement: | 2.72 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 107.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.97 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 106.32 | |
| Zig ZAG (10): | 106.45 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 65.99 | |
| TEMA (21): | 108.08 | |
| Williams %R (14): | -57.30 | |
| Chande Momentum Oscillator (20): | 1.45 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.04 |
| MA7: | 105.20 | |
| MA20: | 103.98 | |
| MA50: | 98.06 | |
| MA100: | 93.12 | |
| MAexp7: | 107.23 | |
| MAexp20: | 106.66 | |
| MAexp50: | 105.29 | |
| MAexp100: | 104.01 | |
| Price / MA7: | +1.71% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | +9.12% | |
| Price / MA100: | +14.91% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +1.62% | |
| Price / MAexp100: | +2.87% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
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:
- 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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