Visual view
STX
STX pulls back 17% to SMA20 and bounces — target $841.31
Double Seven Pullback
As of: 2026-05-19
Watch$710.11 seven-day low — structure holds while this floor holds
RiskClose below $696.68 and the pullback is too deep to hold
ConfidenceB
Why now
Seagate has been one of the best storage names in the AI data cycle, more than doubling off year-ago lows. Monday's 17% pullback from the May high lands right at the SMA20 — a level that has supported the trend all year. Close strength was solid and the stock recovered most of the intraday range.
How to think
- Enter at $733.35 — bounce off 7-day low / SMA20
- Stop $696.68 — below pullback structure
- Target $841.31 — prior high
What to watch
If STX dips to $715–725 Tuesday and stabilizes, that's a cleaner secondary entry.
Simple explanation
STX made a 7-day intraday low of $710.11, then recovered to close at $733. SMA20 is at $717.61 — right inside the dip zone. A 17.4% pullback in a stock that ran from the $340s is a shakeout, not a trend change.
Risk
If STX breaks below $696 on a close, the pullback is extending past what a trend buyer should hold. Hard stop.
FAQ
STX and WDC are both storage — do you need both?
They're correlated but not identical. STX is pure HDD/cloud; WDC has HDD plus NAND flash. Both are valid. Run both at reduced size if you want storage exposure, or pick the one with the better chart on Tuesday morning.
Pattern params and score explanation
Setup typeDouble Seven Pullback
PatternSTX made a 7-day intraday low of $710.11, then recovered to close at $733. SMA20 is at $717.61 — right inside the dip zone. A 17.4% pullback in a stock that ran from the $340s is a shakeout, not a trend change.
TimeframeDaily
Tagsdouble-seven, storage, HDD, STX, bull
{
"price": 733.35,
"priceLevels": {
"entry": 733.35,
"stop": 696.68,
"target": 841.31,
"support": 710.11,
"resistance": 841.31
},
"metrics": {
"score": 0.733,
"rewardRisk": 2.944,
"closeStrength": 0.752
},
"patternParams": {
"strict": false,
"subtype": "oversold",
"pullbackDepthPct": 17.37,
"ret60d": 80.01,
"sma200": 343.76,
"low6": 710.11,
"high6": 841.31
}
}