STX Rockets 6.20% to $432.95, Eyes 52-Week High at $457.84
$Seagate Technology PLC(STX)$
Seagate Technology (STX) Rallies +6.20%: Momentum Surges Toward $440, Eyeing 52-Week High
Latest Close Data
Closed at $432.95 on Feb 2, 2026, up +6.20% ($25.26). Currently sits 5.4% below its 52-week high of $457.84.
Core Market Drivers
Strong momentum continues as the data storage leader benefits from sustained demand in AI and cloud infrastructure sectors.
The stock's significant run-up reflects robust earnings expectations and sector-wide tailwinds.
Technical Analysis
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Volume was solid at 6.06M shares (Volume Ratio: 0.67).
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The 12-day RSI at 71.7 indicates strong bullish momentum but is approaching overbought territory.
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The MACD (DIF: 35.21, DEA: 25.15, MACD: 20.12) shows a strong and expanding bullish signal, confirming the uptrend's strength.
Key Price Levels
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Primary Support: $296.3 (Recent swing low, a major pullback level).
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Strong Resistance: $443.3 / $457.84 (Immediate Jan 30 resistance & the 52-week high).
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Immediate Pivot: $432.95 (Today's close, acting as the new base for the next move).
Valuation Perspective
Forward P/E stands at 31.48, which is significantly below its historical average of 87.18, suggesting the stock may still be reasonably valued relative to its own past, despite the massive price appreciation.
Analyst Targets
22 analysts cover STX with an average price target of $446.06 (upside of ~3%). Sentiment is overwhelmingly bullish, with 6 Strong Buy and 15 Buy ratings, versus only 5 Hold.
Weekly Outlook
Expect consolidation near current levels with a bullish bias. A decisive break above $443.3 resistance could quickly target the $457.84 high. Failure to hold above $430 may lead to a pullback toward the $400 support zone.
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