Verified Investing on $STX (Oct 27, 2026)
STX is at the lower end of recent pivot support after falling from 667 to $623.84. If the decline continues, support sits at the 579.3 gap, then the 786 Fibonacci retracement at $521.24; a break below 618 likely targets 521.24 near term, where a bounce to retest 618 is likely. A recovery by tomorrow is possible but unconfirmed.
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We have the earnings of Google, Microsoft, and Hood after today's closing bell, and we have SK Hynix and Seagate. We have some big players announcing their results in the technology sector.
Can we generate enough profits to push us back above this line?
Stock 56804 is currently trading slightly lower after closing hours, having moved to STX before the start of trading and was in a downward trend. We'll see if he can recover.
Next, guys, let's move on to today's earnings. Now you can see that I have already planned it . I wanted you to really see what we're looking at here at STX, because there are two good levels of support with the price trading down from 667 to close at $623.84, just touching the lower end of the pivot points that occurred last Friday as well as yesterday, Monday.
Well, if the decline continues after working hours, the first support level will be to bridge this gap, and this gap seems somewhat isolated . It is at 579.3 cents. The next more solid support level will come here at the 786 Fibonacci retracement at $521.24.
This is the next target for the price movement to stop at, and it is likely to provide a bounce to retest the 618 area.
Notice how we have been moving and traversing these levels, Fibonacci retracement levels, since we started to decline. We went down, broke through the 236 level, and even broke through the next level right away at 382.
The price bounced back almost to the top, then went down to the 50% level, repeated that, and then came back completely back to the 236 level. So, we are moving through these Fibonacci retracement levels over and over again.
That makes sense. If we break below the 618 level, the main destination is likely to be here at 521.24 as a near-term support level.
So, it will be interesting to see if the STX will recover by tomorrow? Therefore, anything can happen during these hours, including a recovery of the STX coin. I will monitor that until tomorrow so that we can report on any major movements during the day.
What this channel has said about $STX
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