STEP ENERGY SERVICES LTD (STEP.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:STEP - CA85859H1055 - Common Stock
Taking everything into account, STEP scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STEP is showing a nice and steady performance.
- Warning: STEP has an average volume of 14471 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that STEP is one of the better performing stocks in the market, outperforming 75% of all stocks.
- STEP is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 84% of 27 stocks in the same industry.
- A new 52 week high is currently being made by STEP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month STEP has a been trading in a tight range between 5.47 and 5.50.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, STEP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.49, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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3 important support areas can be observed.
- A support zone ranging from 5.42 to 5.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.51 from a trend line in the daily time frame.
- Support @4.04 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.51 to 5.51. 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 | UP | POSITIVE | The long term trend for STEP.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STEP.CA is up. |
| ChartMill Relative Strength | 75.09 | POSITIVE | STEP.CA has a high relative strength, it outperformed 75.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STEP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STEP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STEP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.6 | NEUTRAL | The RSI value for STEP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests STEP.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for STEP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for STEP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 76.3 | POSITIVE | The high ADX value value for STEP.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.52 | 5.47 | 0.05 (0.91%) | 25.00% |
| An entry @5.52. This is a Buy Stop order right above the resistance zone. | An exit @5.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 0.91%. | For a 0.23% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:STEP (12/17/2025, 7:00:00 PM)
5.49
-0.01 (-0.18%)
STEP ENERGY SERVICES LTD / STEP.CA FAQ
Can you provide the ChartMill technical rating for STEP ENERGY SERVICES LTD?
ChartMill assigns a technical rating of 8 / 10 to STEP.CA.
What is the current trend direction of STEP ENERGY SERVICES LTD (STEP.CA) stock?
The current trend direction for STEP ENERGY SERVICES LTD (STEP.CA) is Bullish.
Can you provide the RSI signal for STEP ENERGY SERVICES LTD?
STEP ENERGY SERVICES LTD (STEP.CA) has an RSI value of 59.6021. This indicates that the stock is currently neutral.
What is the MACD signal for STEP ENERGY SERVICES LTD (STEP.CA) stock?
The MACD indicator for STEP ENERGY SERVICES LTD (STEP.CA) has a value of -0.00547823, indicating a bearish trend.
What is the buy/sell signal for STEP stock?
The buy/sell signal for STEP ENERGY SERVICES LTD (STEP.CA) is buy as both the short term and long term trends are positive.