Trading (STX) With Integrated Risk Controls
April 28, 2024, 23:20 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for STX
- Buy STX slightly over 85.44 target 92.05 stop loss @ 85.19 Details
The technical summary data tells us to buy STX near 85.44 with an upside target of 92.05. This data also tells us to set a stop loss @ 85.19 to protect against excessive loss in case the stock begins to move against the trade. 85.44 is the first level of support below 86.04 , and by rule, any test of support is a buy signal. In this case, support 85.44 would be being tested, so a buy signal would exist.
- Short STX slightly under 92.05, target 85.44, stop loss @ 92.32 Details
The technical summary data is suggesting a short of STX as it gets near 92.05 with a downside target of 85.44. We should have a stop loss in place at 92.32though. 92.05 is the first level of resistance above 86.04, and by rule, any test of resistance is a short signal. In this case, if resistance 92.05 is being tested, so a short signal would exist.
Swing Trading Plans for STX
- Buy STX slightly over 87.08, target 92.05, Stop Loss @ 86.83 Details
If 87.08 begins to break higher, the technical summary data tells us to buy STX just slightly over 87.08, with an upside target of 92.05. The data also tells us to set a stop loss @ 86.83 in case the stock turns against the trade. 87.08 is the first level of resistance above 86.04, and by rule, any break above resistance is a buy signal. In this case, 87.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short STX slightly near 87.08, target 85.44, Stop Loss @ 87.33. Details
The technical summary data is suggesting a short of STX if it tests 87.08 with a downside target of 85.44. We should have a stop loss in place at 87.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 87.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for STX
- Buy STX slightly over 86.3, target 87.08, Stop Loss @ 86.1 Details
If 86.3 begins to break higher, the technical summary data tells us to buy STX just slightly over 86.3, with an upside target of 87.08. The data also tells us to set a stop loss @ 86.1 in case the stock turns against the trade. 86.3 is the first level of resistance above 86.04, and by rule, any break above resistance is a buy signal. In this case, 86.3, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short STX slightly near 86.3, target 85.44, Stop Loss @ 86.5. Details
The technical summary data is suggesting a short of STX if it tests 86.3 with a downside target of 85.44. We should have a stop loss in place at 86.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 86.3, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Seagate Technology Holdings Plc (STX) available here: STX.
STX Ratings for April 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
85.44 |
| P2 |
86.3 |
83.1 |
92.05 |
| P3 |
88.77 |
87.08 |
99.3 |
AI Generated Signals for STX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for STX:
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