The Average True Range of ATR For Shares of Seagate Tech Ord Shs (STX) have trended downward over the past 10 bars, indicating bearish momentum for the equity near-term. At a recent glance the stock touched 33.545 in a recent trade.
Seagate Tech Ord Shs (STX) currently has a 14-day Commodity Channel Index (CCI) of 34.65. Dedicated investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for Seagate Tech Ord Shs (STX) is 19.15. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.
Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Seagate Tech Ord Shs (STX)’s Williams Percent Range or 14 day Williams %R currently sits at -46.21. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.
Tracking other technical indicators, the 14-day RSI is presently standing at 52.79, the 7-day sits at 50.19, and the 3-day is resting at 28.02 for Seagate Tech Ord Shs (STX). The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”.
For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 40.36, the 50-day is 32.61, and the 7-day is resting at 33.93. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.
- [LLODO] California board member compares reopening schools to ‘White supremacist ideology’ and ‘slavery’
- [LLODO] Massachusetts’ Smith College racism accusations back in spotlight after report details 2018 investigation
- [LLODO] Florida official under sheriff’s investigation after coronavirus vaccine VIP list scandal
- [LLODO] COVID-19 sends car driving to its lowest levels in 19 years
- [LLODO] Florida’s Tyndall Air Force Base sees jet crash land; pilots hospitalized
- [LLODO] Canada national pleads guilty to attempting to bring illegal immigrants into US by way of the Caribbean
- [LLODO] Teen Lamborghini driver was speeding during LA wreck that killed woman, family claims: report
- [LLODO] Peter Gotti, mob boss brother of ‘Dapper Don’ John Gotti, dead at 81