Seagate Technology is down a bit on the day, funds flowing out kept the price down -2.81% since yesterday.
Currently STX isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Seagate Technology has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the Computer Hardware company has grown 54.45 percent which isn't too bad. STX might find some support at the 85.5 level, buyers might push the price back up from here. But it's not very clear what will happen.
The analysts feel fairly neutral on the prospects for Seagate Technology but a little more positive than negative. The current Analysts Sentiment Score is 21.96. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2024-02-27 Evercore ISI started covering Seagate Technology with a rating of Outperform and provided a price target of $110.00. Wells Fargo & Company boosted their price targ by 12.5% to $90.00 on 2024-02-01. On 2024-01-26 The Goldman Sachs Group increased their price target by 29.23% to $84.00. Rosenblatt Securities gave a boost to their price target and moved to $115.00 from $100.00 on 2024-01-25. TD Cowen gave a boost to their price target and moved to $110.00 from $85.00 on 2024-01-25. Robert W. Baird provided a price target boost of 42.86% to $100.00 from $70.00 on 2024-01-25. On 2024-01-25 there was confirmation of the previous rating by Wedbush which was Neutral and provided a price target of $100.00. Cantor Fitzgerald announced that they are initiating coverage with a rating of Neutral on 2024-01-23 and they set their price target at $90.00.On 2024-01-16 Barclays increased their price target by 30.77% to $85.00. BNP Paribas downgraded from Neutral to Underperform on 2024-01-11 and added a price target of $65.00.
Company | Ratings Score
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Composite analyst sentiment score
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Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
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STX | 21.96 | 14.64 | -6.93 | 36.67 | -0.45 |
Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
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STX | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
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Short Interest | Days to Cover | Rate of Change | Shares Short |
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STX | 6.2 | %7.3 | 5.3 | -2.508 | 15070000 |
Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Computer Hardware | 66 | -2.69 | -7.61 | -1.51 | -6.02 | 1.08 | 16.73 | 56.97 | 36.79 | 33.54 | 37.62 | -6666.62 | -15803.56 | 23.48 | 0.00 | 3.64 | 10.53 |
Technology | 293 | -2.47 | -6.77 | -0.25 | -4.53 | -3.53 | 7.34 | 54.34 | 18.68 | 19.30 | 18.80 | -9442.85 | -13433.15 | 24.57 | 0.68 | 4.56 | 14.14 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
Ticker | Social Sentiment(1-10) |
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STX |
Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
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WDC | Western Digital Corp. | 1.23 | -2.94 | -7.35 | 1.83 | -23.26 | -3.54 | 39.93 | 13 | 66.39 | 79.48 | 122.49 | -3373.00 | -30571.92 | 0 | 0 | 2.45019 |
HPQ | HP Inc. | 1.13 | -1.69 | -6.52 | 0.83 | -6.83 | 10.02 | 15.35 | 73 | 50.91 | 34.60 | 46.00 | 199.58 | -28522.09 | 100 | 0 | 2.04282 |
NTAP | NetApp, Inc | 0.98 | -2.26 | -5.42 | -6.78 | -9.19 | 10.58 | 44.79 | 29 | 131.60 | 160.28 | 167.48 | -1225.00 | -34628.57 | 0 | 0 | 3.46419 |
ARW | Arrow Electronics, Inc. | 0.91 | -1.98 | -6.37 | -0.40 | -5.24 | 5.37 | -0.41 | 61 | 0.30 | 1.03 | 4.12 | -6500.81 | -665.26 | 0 | 0 | 7.53772 |
AMAT | Applied Materials Inc | 0.9 | -3.05 | -11.41 | -8.59 | -26.47 | -14.99 | 17.89 | 16 | 50.40 | 65.20 | 105.64 | -2138.06 | 176.21 | 0 | 0 | 3.25248 |
GLW | Corning Incorporated | 0.89 | -1.76 | -2.89 | 5.70 | 6.89 | 24.24 | 28.93 | 62 | 161.59 | 65.98 | 39.27 | -1225.00 | -28990.48 | 0 | 0 | 1.29671 |
MXL | MaxLinear, Inc. Common St | 0.84 | -6.75 | -13.50 | 14.37 | -27.70 | -37.39 | -43.18 | 69 | 7.66 | 5.78 | -0.47 | -12508.27 | -11676.89 | 0 | 0 | 3.58389 |
AMP | Ameriprise Financial, Inc | 0.84 | -2.13 | -4.29 | 6.22 | 0.43 | 4.41 | 26.35 | 17 | 6.29 | 39.48 | 34.75 | -3275.71 | -20287.23 | 0 | 0 | 1.49246 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.