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- 5/23/2025 -
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Seagate Technology (STX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a seventh consecutive positive week for the Seagate Technology (STX). During the week, the STX gained 4.95 points, or 4.59%, and closed at 112.74 on Friday, May 23, 2025. Weekly volume was 78% above average.

STX is a member of Information Technology Sector. Information Technology is the most overbought 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 59.98 and resistance is at 167.37. 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 trend support level is at 85.53 and resistance is at 130.02. 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 medium-term trend.

Weekly Technical Indicators: [See STX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 9, 2025 at 63.19 and reached 113.17 on May 23, 2025. STX gained -49.98 points, or -79.09%, in 44 days. Price is near the trend high.

Daily Technical Indicators: [See STX daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily 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 daily 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. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since April 16, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.81
Overbought Bearish
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 82.80
Overbought Bearish
Greed/Fear Indicator (GFI) 83.20
Overbought
Moving Average Converg./Diverg. (MACD) 6.18 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.88
Williams' Percentage Range (W%R) 9.80
Strong Overbought
Lane's Stochastic (%D-Slow) 76.19
Greed/Fear Indicator (GFI) 73.65
Moving Average Converg./Diverg. (MACD) -2.96
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 130.02
Upper Bollinger Band 117.30
Price 112.74
Daily Stochastic Crossing 111.23
Monthly Trendline Resistance 107.50
Weekly Stochastic Crossing 106.05
Parabolic System 104.01
20 Day Moving Average 99.13
50 Day Moving Average 87.62
Lower Bollinger Band 81.88
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Technology Hardware, Storage & Peripherals 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.73
Low Date 05/21/2025
High 113.17
High Date 05/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.19
Low Date 04/09/2025
High 113.17
High Date 05/23/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 107.50
Support 53.13
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 Valid
Resistance 130.02
Support 85.53
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 167.37
Support 59.98
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.