Seagate Stock Technical Analysis

STX
 Stock
  

USD 16.33  36.97  69.36%   

As of the 2nd of December, Seagate Technology has the risk adjusted performance of (0.18), and Coefficient Of Variation of (827.17). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Seagate Technology PLC, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Seagate Technology PLC, which can be compared to its competition. Please validate Seagate Technology PLC coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Seagate Technology is priced more or less accurately, providing market reflects its prevalent price of 16.33 per share. Given that Seagate Technology PLC has jensen alpha of (0.51), we advise you to double-check Seagate Technology PLC's current market performance to make sure the company can sustain itself at a future point.
  

Seagate Technology Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Seagate, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Seagate
Seagate Technology's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Seagate Technology Analyst Consensus

Target PriceAdvice# of Analysts
43.37Hold19Odds
Seagate Technology PLC current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Seagate analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Seagate stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Seagate Technology PLC, talking to its executives and customers, or listening to Seagate conference calls.
Seagate Analyst Advice Details
Seagate Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Seagate Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Seagate Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Seagate Technology PLC Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Seagate Technology PLC volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Seagate Technology PLC Trend Analysis

Use this graph to draw trend lines for Seagate Technology PLC. You can use it to identify possible trend reversals for Seagate Technology as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Seagate Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Seagate Technology Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Seagate Technology PLC applied against its price change over selected period. The best fit line has a slop of   -0.22  , which may imply that the returns on investment in Seagate Technology PLC will continue to fail. It has 122 observation points and a regression sum of squares at 1818.66, which is the sum of squared deviations for the predicted Seagate Technology price change compared to its average price change.

About Seagate Technology Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Seagate Technology PLC on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Seagate Technology PLC based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Seagate Technology PLC price pattern first instead of the macroeconomic environment surrounding Seagate Technology PLC. By analyzing Seagate Technology's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Seagate Technology's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Seagate Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2011 2016 2021 2022 (projected)
Book Value per Share5.389.828.837.42
Asset Turnover1.31.41.611.71

Seagate Technology December 2, 2022 Technical Indicators

Most technical analysis of Seagate help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Seagate from various momentum indicators to cycle indicators. When you analyze Seagate charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Seagate Technology December 2, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Seagate stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, take a look at World Market Map. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for analysis

When running Seagate Technology PLC price analysis, check to measure Seagate Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Seagate Technology is operating at the current time. Most of Seagate Technology's value examination focuses on studying past and present price action to predict the probability of Seagate Technology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Seagate Technology's price. Additionally, you may evaluate how the addition of Seagate Technology to your portfolios can decrease your overall portfolio volatility.
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Is Seagate Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Seagate Technology. If investors know Seagate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Seagate Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.94) 
Market Capitalization
10.9 B
Quarterly Revenue Growth YOY
(0.35) 
Return On Assets
0.11
Return On Equity
0.92
The market value of Seagate Technology PLC is measured differently than its book value, which is the value of Seagate that is recorded on the company's balance sheet. Investors also form their own opinion of Seagate Technology's value that differs from its market value or its book value, called intrinsic value, which is Seagate Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Seagate Technology's market value can be influenced by many factors that don't directly affect Seagate Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Seagate Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine Seagate Technology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seagate Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.