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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%).


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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)


NTNX Forecast + Options Trading Strategies   [NTNX]  Nutanix (0.95)


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


WDC Forecast + Options Trading Strategies   [WDC]  Western Digital (0.95)



Uncorrelated Stock Forecasts

Assets with little price relationship to STX



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


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


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


WMT Forecast + Options Trading Strategies   [WMT]  Walmart (-0.01)


GCI Forecast + Options Trading Strategies   [GCI]  Gannett (-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)


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


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


STX News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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