- The stock price of Seagate Technology Holdings is trading at $68.2 with an increase of 3.5% in today’s market session.
- Seagate Technology Holdings has given a return of more than 20% in a year.
- The stock price of Seagate Technology Holdings is recommended as a strong buy by analysts.
The stock price of STX is currently moving upwards. The price of the stock has formed a higher highs pattern and it is currently moving inside a positive pattern. Over the previous year, STX price surged by a substantial 8%, signifying significant growth in the stock. This indicates that the company’s overall performance is robust.
The price of the STX stock is currently trading at $68.20, with a rise of 3.58% in today’s market session. The company has an average volume of $3.4 Million. In January 2021, Seagate’s stock price reached its pinnacle at $117.67. However, it witnessed a significant drop of over 60% by the year-end. However, the stock discovered support around $49, leading to a notable recovery of almost 45%.
Presently, the stock price is within an ascending triangle pattern, a positive sign that suggests the price may soon surpass the immediate resistance level at $71 and continue its upward trajectory.
A technical indicator summary from TradingView strongly recommends a buy signal for the stock. Out of 26 indicators, 17 suggest a buy, with only 1 indicating a negative signal. The moving averages summary aligns with this positive outlook, with 14 out of 15 indicators suggesting a buy signal, confirming an anticipated uptrend.
Seagate Technology Holdings (STX) Stock Price Analysis
The MACD indicator shows a red histogram with both the MACD line and signal line situated below the zero line for STX stock. This configuration suggests a bearish market trend, indicating a potential future price decline.
As for the RSI line, it is positioned above the SMA line, which is generally seen as a favorable placement. Additionally, both lines are above the 50 level, signifying a positive outlook, and raising expectations for a price increase shortly.
Conclusion
The price of the STX stock is rising. The stock has given a positive return in the previous year and the indicators are displaying a strong buy signal. The overall pattern of the stock and the volume of the stock is rising. Hence, the price is expected to rise in the upcoming days.
Technical Levels
- Support Levels: $55 and $55
- Resistance Levels: $71 and $84
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.