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Uptrend SupportArchive
- 5/2/2025 -
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Seagate Technology (STX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a fourth consecutive positive week for the Seagate Technology (STX). During the week, the STX gained 10.37 points, or 12.54%, and closed at 93.07 on Friday, May 2, 2025. It was the best weekly gain since January 24, 2025. Weekly volume was 122% above 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 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 59.71 and resistance is at 166.49. 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 84.64 and resistance is at 128.56. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since February 28, 2025. 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 January 22, 2025 at 111.90 and reached 63.19 on April 9, 2025. STX lost 48.71 points, or 43.53%, in 77 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (91.08). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See STX daily technical indicators chart]
Daily 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 daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 16, 2025. The distance between MACD and the signal line is near its high and getting bigger.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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