Score 8.3 (out of 10): SEAGATE TECHNOLOGY HOLDINGS poised to rally +9.8% rally in 1 month

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What’s Going On Here?

SEAGATE is expected to report strong earnings on January 26. Four analysts see the company’s earnings coming in at $2.36. This compares to $1.29 per share in the same quarter last year, which would suggest a Year-on-Year growth rate of +83%.

Why Now?

SEAGATE TECHNOLOGY HOLDINGS has reached a new shorter-term low. Previously, during similar occasions, SEAGATE TECHNOLOGY HOLDINGS shares had a median return of +9.8%, over the following 1 month based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for SEAGATE TECHNOLOGY HOLDINGS received a high score of 8.3 (out of 10). This insight was generated on 2022-January-18 with last price of 102.36.

What’s This Company About?

SEAGATE TECHNOLOGY HOLDINGS is in the Computers-Memory Devices business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: STX US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 112.41 (+9.8%) has been reached. Based on SEAGATE TECHNOLOGY HOLDINGS’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 99.86 (last price at 102.36), which is equivalent to a -2.4% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

2.6% (August- 2021), -8.9% (June-2021), 25% (March-2021), 9.1% (December-2020), 20.1% (October-2020), 5.2% (July-2020), 14.4% (May-2020), 3.9% (December-2019), 13.5% (October-2019), 10.5% (August- 2019).

Historical Chart:

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Summary:

NameSEAGATE TECHNOLOGY HOLDINGS
ViewUp
Star (1 to 10)8.3
Target+9.8%
Time1 month
Hit Rate90%

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