Seagate Technology Holdings plc provides mass-data storage infrastructure solution. Co.'s principal products are hard disk drives, commonly referred to as disk drives, hard drives (HDDs). In addition to HDDs, the Co. produces a range of data storage products, including solid state drives (SSDs), solid state hybrid drives, storage subsystems, as well as a scalable edge-to-cloud mass data platform. Its HDD products are designed for mass capacity storage and legacy markets. Mass capacity storage involves use cases, such as hyperscale data centers and public clouds, as well as emerging use cases.
When researching a stock like Seagate Technology, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from STX Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for STX stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the STX 200 day moving average ("STX 200 DMA"), while one of the most popular "shorter look-backs" is the STX 50 day moving average ("STX 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Seagate Technology. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the STX 200 DMA and the STX 50 DMA, we get a moving average convergence divergence indicator ("STX MACD"). The STX MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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