STERIS PLC (STE) Stock Technical Analysis
NYSE:STE • IE00BFY8C754
Taking everything into account, STE scores 2 out of 10 in our technical rating. STE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- STE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- STE is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 70% of 185 stocks in the same industry.
- STE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so STE is lagging the market slightly.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, STE outperforms 48% of them, which is more or less in line with the market.
STE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 252.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 249.34, a Stop Loss order could be placed below this zone.
More info and screens
197.51
We found 3 important support areas.
- A support zone ranging from 242.02 to 249.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @211.47 from a trend line in the weekly time frame.
- Support @199.51 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 252.55 to 255.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 266.28 to 268.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for STE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STE is neutral. |
| ChartMill Relative Strength | 48.81 | NEUTRAL | STE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.73 | NEUTRAL | The RSI value for STE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests STE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.66 | NEUTRAL | The Stochastics value for STE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for STE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.02 | POSITIVE | The high ADX value value for STE suggests a strong trend. |
250.65
-0.53 (-0.21%)
STERIS PLC / STE FAQ
Can you provide the ChartMill technical rating for STERIS PLC?
ChartMill assigns a technical rating of 2 / 10 to STE.
What is the current trend direction of STERIS PLC (STE) stock?
The current trend direction for STERIS PLC (STE) is Bearish.
What is the RSI signal for STERIS PLC (STE) stock?
STERIS PLC (STE) has an RSI value of 46.7256. This indicates that the stock is currently neutral.
Can you provide the MACD signal for STERIS PLC?
The MACD indicator for STERIS PLC (STE) has a value of -0.239342, indicating a bearish trend.
What is the short term momentum for STE stock?
The short term momentum for STERIS PLC (STE) is neutral.