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Uptrend Broken SupportArchive
- 6/13/2025 -
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Seagate Technology (STX) Technical Analysis
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| Summary:
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| | It was a tenth consecutive positive week for the Seagate Technology (STX). During the week, the STX climbed 0.30 points, or 0.24%, and closed at 127.27 on Friday, June 13, 2025. Weekly volume was 48% 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 132.23 on June 9, 2025. STX gained -113.81 points, or -617.86%, in 473 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 60.22 and resistance is at 168.19. 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 132.23 on June 9, 2025. STX gained -84.76 points, or -178.55%, in 135 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (131.39). 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 medium-term trend.
 Weekly Technical Indicators: [See STX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 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. The distance between MACD and the signal line is near its 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 downtrend had started on June 9, 2025 at 132.23 and reached 124.63 on June 13, 2025. STX lost 7.60 points, or 5.75%, in 4 days. The price is now at the 34.74% retracement level.
 Daily Technical Indicators: [See STX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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