STE Technical Analysis - STERIS PLC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to STE. 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 part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. STE outperforms 71% of them.

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 term trend is neutral, but the short term trend is negative. Better to stay away from this!

When compared to the yearly performance of all other stocks, STE outperforms 63% of them, which is more or less in line with the market.

In the last month STE has a been trading in the 232.51 - 251.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

STE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 239.26, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

197.51

255.09

4 important support areas can be observed.

A support zone ranging from 235.54 to 236.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 225.57 to 228.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 218.78 to 221.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @199.51 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 239.26 to 244.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 251.59 to 252.56. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for STE is down.
ChartMill Relative Strength	63.16	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)	UP	MIXED	The current price of STE is below the rising 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)	46.78	NEUTRAL	The RSI value for STE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.64	NEGATIVE	The MACD value suggests STE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	34.12	NEUTRAL	The Stochastics value for STE is a neutral value.
Average True Range in percent/ATR (20)	1.9	LOW VOLATILITY	The low ATR as a percentage value for STE suggests low volalility.
Average Directional Index/ADX (14)	25.36	POSITIVE	The high ADX value value for STE suggests a strong trend.