STEP ENERGY SERVICES LTD (STEP.CA) Stock Technical Analysis
TSX:STEP - Toronto Stock Exchange - CA85859H1055 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to STEP. Although STEP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: STEP has an average volume of 27303 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
STEP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, STEP turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
STEP is an average performer in the Energy Equipment & Services industry, it outperforms 56% of 26 stocks in the same industry.
STEP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STEP is lagging the market.
STEP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 4.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.60, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
3.40
4.74
When analyzing the support we can see 6 important areas.
- A support zone ranging from 4.51 to 4.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.95 from a trend line in the daily time frame.
- Support @3.85 from a trend line in the weekly time frame.
- Support @3.76 from a horizontal line in the daily time frame.
- Support @3.56 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.43 to 3.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 4.63 to 4.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 62.62 | NEUTRAL | STEP.CA is not amongst the best or worst performers 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) | 64.86 | NEUTRAL | The RSI value for STEP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests STEP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.9 | NEUTRAL | The Stochastics value for STEP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for STEP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.38 | POSITIVE | The high ADX value value for STEP.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 4.70 | 4.50 | 0.20 (4.26%) | 23.50% |
| An entry @4.70. This is a Buy Stop order right above the resistance zone. | An exit @4.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.20 points, which is 4.26%. | When investing 23.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of STEP. Please evaluate whether better entry and exit points can be found.
- 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 (7/18/2025, 7:00:00 PM)
4.61
+0.09 (+1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.99%
1 Week-1.28%
2 Weeks4.3%
1 Month15.25%
3 Month22.61%
6 Month2.9%
12 Month7.96%
2 Year18.21%
3 Year-6.11%
5 Year1082.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%3.47%
ATR Inc-7.41%
Range Today0.17
ADR(20)0.15
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.62
Mansfield0.08
10 Day High4.75
10 Day Low4.29
20 Day High4.75
20 Day Low3.95
52 Week High5.26
52 Week Low3.35
CS1 End4.6
CR1 Start4.63
Volume & EV
DER(3)0.23%
DER(5)0.34%
Volume14.21K
Volume Incr-72.16%
Vol(5)10.15K
Vol(50)27.30K