The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 1/9/2026 -
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Seagate Technology (STX) Technical Analysis

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Summary:
Weekly :MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Seagate Technology (STX). During the week, the STX gained 16.47 points, or 5.73%, and closed at 304.01 on Friday, January 9, 2026. It was the best weekly gain since November 28, 2025. Weekly volume was 10% 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 332.00 on January 6, 2026. STX gained -313.58 points, or -1702.39%, in 503 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (62.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 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 332.00 on January 6, 2026. STX gained -284.53 points, or -599.39%, in 165 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (68.07) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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.

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 low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 December 31, 2025 at 274.27 and reached 332.00 on January 6, 2026. STX gained -57.73 points, or -21.05%, in 6 days. The price is now at the 48.48% retracement level.

Daily Technical Indicators: [See STX daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.93
Williams' Percentage Range (W%R) 82.00
Oversold
Lane's Stochastic (%D-Slow) 56.29
Greed/Fear Indicator (GFI) 42.75
Moving Average Converg./Diverg. (MACD) 6.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.04
Williams' Percentage Range (W%R) 26.40
Lane's Stochastic (%D-Slow) 77.35
Greed/Fear Indicator (GFI) 69.69
Moving Average Converg./Diverg. (MACD) 36.13 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 342.90
Parabolic System 331.25
Upper Bollinger Band 314.95
Weekly Stochastic Crossing 307.46
Daily Stochastic Crossing 306.79
Price 304.01
20 Day Moving Average 290.68
50 Day Moving Average 277.26
Monthly Trendline Support 271.78
Lower Bollinger Band 263.87
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Technology Hardware, Storage & Peripherals 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 274.27
Low Date 12/31/2025
High 332.00
High Date 01/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 228.61
Low Date 11/21/2025
High 332.00
High Date 01/06/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 342.90
Support 271.78
Low 63.19
Low Date 04/09/2025
High 332.00
High Date 01/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 145.41
Support 68.07
Low 47.47
Low Date 11/03/2022
High 332.00
High Date 01/06/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 176.63
Support 62.72
Low 18.42
Low Date 05/12/2016
High 332.00
High Date 01/06/2026
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.