Bullish Case: STX exhibits bullish risk higher than bearish, recent price uptrend, AI forecast bullish at +0.98%, implying potential upside amid market recovery.


Bearish Case: STX's mean-reverting price action and high price to book ratio suggest potential overvaluation, risking a price decline.


Potential Outcomes:

1) STX climbs on bullish forecast (38%);

2) STX drops on valuation concerns (40%);

3) Trades flat in volatility dip (22%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


March 30, 2024


Seagate Technology Forecast

STX        Seagate Technology
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with STX



ANF Forecast + Options Trading Strategies   ANF  Abercrombie & Fitch (0.96)


ANET Forecast + Options Trading Strategies   ANET  Arista Networks (0.96)


IBM Forecast + Options Trading Strategies   IBM  International Business Machines (0.95)


CLS Forecast + Options Trading Strategies   CLS  Celestica (0.95)


MMYT Forecast + Options Trading Strategies   MMYT  MakeMyTrip (0.95)



Uncorrelated Stock Forecasts

Assets with little price relationship to STX



MDGL Forecast + Options Trading Strategies   MDGL  Madrigal Pharmaceuticals (0.0)


YUM Forecast + Options Trading Strategies   YUM  Yum Brands (0.0)


GFI Forecast + Options Trading Strategies   GFI  Gold Fields (0.0)


HZO Forecast + Options Trading Strategies   HZO  Marinemax (-0.0)


TOST Forecast + Options Trading Strategies   TOST  Toast (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against STX



GOGO Forecast + Options Trading Strategies   GOGO  Gogo (-0.91)


SPWR Forecast + Options Trading Strategies   SPWR  Sunpower (-0.91)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.91)


PFE Forecast + Options Trading Strategies   PFE  Pfizer (-0.92)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.92)





Become a more profitable investor with AI optimized trading strategies






×

Chat with STX


 Ask me any question!