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Archive
- 8/22/2025 -
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Seagate Technology (STX) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Seagate Technology (STX). During the week, the STX gained 4.78 points, or 3.10%, and closed at 159.21 on Friday, August 22, 2025. Weekly volume was -33% below average.
 Long-term trend: [See STX long-term trend chart]
A long-term uptrend had started on May 12, 2016 at 18.42 and reached 160.57 on August 22, 2025. STX gained -142.15 points, or -771.72%, in 484 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 61.05 and resistance is at 171.00. 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 160.57 on August 22, 2025. STX gained -113.10 points, or -238.26%, in 146 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (65.81) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See STX weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See STX short-term trend chart]
A short-term uptrend had started on April 11, 2025 at 67.74 and reached 160.57 on August 22, 2025. STX gained -92.83 points, or -137.04%, in 133 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 154.96 and resistance is at 164.96. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See STX daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is below its signal line since August 20, 2025. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands is falling, and it was 9.22% on Friday. It is 53.09% lower than one year average. It indicates the period of low 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.
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