STX’s moving averages
On July 12, 2017, Seagate (STX) closed the trading day at $39.7. Based on that figure, here’s how the stock fared in terms of its moving averages:
- 4% below its 100-day moving average of $44.29
- 8% below its 50-day moving average of $41.70
- 2% below its 20-day moving average of $40.18
MACD and RSI
Seagate’s 14-day MACD (moving average convergence divergence) is -1.02. A negative MACD figure indicates an upward trading trend. Remember, MACD measures the difference between a stock’s long-term and short-term moving averages.
Seagate’s RSI (relative strength index) is 41, indicating that the stock is somewhat oversold. If a stock’s RSI is above 70, it indicates that a stock has been overbought. An RSI below 30 suggests that a stock has been oversold.
Of the 30 analysts that cover Seagate’s stock, eight recommend a “buy,” and 20 recommend a “hold.” There were two “sell” recommendations. The analysts’ average 12-month price target on the stock is $46.4, with a median price target of $45. Seagate is trading at a 13.3% discount to median target estimates.