Seagate Technology Stock Forecast - Day Median Price
| STX Stock | USD 84.20 0.52 0.62% |
Seagate Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Seagate Technology stock prices and determine the direction of Seagate Technology PLC's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Seagate Technology's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Seagate Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Seagate Technology's systematic risk associated with finding meaningful patterns of Seagate Technology fundamentals over time.
Check out Historical Fundamental Analysis of Seagate Technology to cross-verify your projections. Seagate |
Open Interest Against 2024-04-19 Seagate Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Seagate Technology's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Seagate Technology's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Seagate Technology stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Seagate Technology's open interest, investors have to compare it to Seagate Technology's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Seagate Technology is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Seagate. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Seagate Technology cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Seagate Technology's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Seagate Technology's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 83.87 | 85.17 |
| Check Seagate Technology Volatility | Backtest Seagate Technology | Information Ratio |
Seagate Technology Trading Date Momentum
| On April 17 2024 Seagate Technology PLC was traded for 84.20 at the closing time. Highest Seagate Technology's price during the trading hours was 86.30 and the lowest price during the day was 84.04 . The net volume was 3.5 M. The overall trading history on the 17th of April 2024 did not result in any price rise and fall. The trading price change to current price is 0.89% . |
The median price is the midpoint of the trading periods range.
| Compare Seagate Technology to competition |
Other Forecasting Options for Seagate Technology
For every potential investor in Seagate, whether a beginner or expert, Seagate Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Seagate Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Seagate. Basic forecasting techniques help filter out the noise by identifying Seagate Technology's price trends.Seagate Technology Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Seagate Technology stock to make a market-neutral strategy. Peer analysis of Seagate Technology could also be used in its relative valuation, which is a method of valuing Seagate Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Seagate Technology PLC Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Seagate Technology's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Seagate Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Seagate Technology Market Strength Events
Market strength indicators help investors to evaluate how Seagate Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Seagate Technology shares will generate the highest return on investment. By undertsting and applying Seagate Technology stock market strength indicators, traders can identify Seagate Technology PLC entry and exit signals to maximize returns.
| Accumulation Distribution | 90763.38 | |||
| Daily Balance Of Power | 0.2301 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 85.17 | |||
| Day Typical Price | 84.85 | |||
| Price Action Indicator | (0.71) | |||
| Period Momentum Indicator | 0.52 | |||
| Relative Strength Index | 42.89 |
Seagate Technology Risk Indicators
The analysis of Seagate Technology's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Seagate Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting seagate stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.49 | |||
| Semi Deviation | 1.73 | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.81 | |||
| Downside Variance | 3.16 | |||
| Semi Variance | 3.01 | |||
| Expected Short fall | (1.64) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Seagate Technology Investors Sentiment
The influence of Seagate Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Seagate. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Seagate Technology's public news can be used to forecast risks associated with an investment in Seagate. The trend in average sentiment can be used to explain how an investor holding Seagate can time the market purely based on public headlines and social activities around Seagate Technology PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Seagate Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Seagate Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Seagate Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Seagate Technology.
Seagate Technology Implied Volatility | 93.64 |
Seagate Technology's implied volatility exposes the market's sentiment of Seagate Technology PLC stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Seagate Technology's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Seagate Technology stock will not fluctuate a lot when Seagate Technology's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Seagate Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Seagate Technology's short interest history, or implied volatility extrapolated from Seagate Technology options trading.
Currently Active Assets on Macroaxis
When determining whether Seagate Technology PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Seagate Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Seagate Technology Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Seagate Technology Plc Stock:Check out Historical Fundamental Analysis of Seagate Technology to cross-verify your projections. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Seagate Stock analysis
When running Seagate Technology's 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 the 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 (0.94) | Dividend Share 2.8 | Earnings Share (3.51) | Revenue Per Share 31.111 | Quarterly Revenue Growth (0.18) |
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 if Seagate Technology is a good investment 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.