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- 4/17/2025 -
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Seagate Technology (STX) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorLane's Stochastic is oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was a second consecutive positive week for the Seagate Technology (STX). During the week, the STX gained 5.63 points, or 8.03%, and closed at 75.78 on Thursday, April 17, 2025. It was the best weekly gain since January 24, 2025. Weekly volume was 56% above average.

STX is a member of Information Technology Sector. Information Technology is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See STX long-term trend chart]
A long-term uptrend had started on May 12, 2016 at 18.42 and reached 117.67 on January 5, 2022. STX gained -99.25 points, or -538.82%, in 294 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 59.54 and resistance is at 165.90. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See STX medium-term trend chart]
A medium-term uptrend had started on November 3, 2022 at 47.47 and reached 115.32 on October 15, 2024. STX gained -67.85 points, or -142.93%, in 101 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (84.04) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See STX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 28, 2025. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See STX short-term trend chart]
A short-term downtrend had started on March 3, 2025 at 103.87 and reached 63.19 on April 9, 2025. STX lost 40.68 points, or 39.16%, in 37 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See STX daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is 164.05% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.86
Williams' Percentage Range (W%R) 61.70
Lane's Stochastic (%D-Slow) 58.02
Greed/Fear Indicator (GFI) 45.40
Moving Average Converg./Diverg. (MACD) -5.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.96
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 14.64
Oversold
Greed/Fear Indicator (GFI) 23.50
Moving Average Converg./Diverg. (MACD) -2.38
Trading Signals
Description Value Chart
Upper Bollinger Band 93.81
50 Day Moving Average 88.30
Quarterly Trendline Support 84.04
20 Day Moving Average 78.04
Price 75.78
Daily Stochastic Crossing 71.80
Weekly Stochastic Crossing 68.97
Parabolic System 63.13
Lower Bollinger Band 61.26
Sector and Industry
Description Name Rank
Sector Information Technology 1
Industry Technology Hardware, Storage & Peripherals 12
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 103.87
High Date 03/03/2025
Low 63.19
Low Date 04/09/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 111.90
High Date 01/22/2025
Low 63.19
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 115.32
High Date 10/15/2024
Low 63.19
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 127.59
Support 84.04
Low 47.47
Low Date 11/03/2022
High 115.32
High Date 10/15/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 165.90
Support 59.54
Low 18.42
Low Date 05/12/2016
High 117.67
High Date 01/05/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.