STEPSTONE GROUP INC-CLASS A (STEP) Stock Technical Analysis
NASDAQ:STEP - Nasdaq - US85914M1071 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to STEP. STEP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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 59.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.42, a Stop Loss order could be placed below this zone.
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45.25
When analyzing the support we notice one important area.
- Support @45.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 58.42 to 60.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @61.48 from a trend line in the daily time frame.
- Resistance @63.64 from a horizontal line in the daily time frame.
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 |
|---|---|---|---|
| 60.39 | 57.70 | 2.69 (4.45%) | 22.45% |
| An entry @60.39. This is a Buy Stop order right above the resistance zone. | An exit @57.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.69 points, which is 4.45%. | For a 1.00% total portfolio risk, you can invest 22.45% of your capital in this trade. |
- 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.
NASDAQ:STEP (5/21/2025, 12:34:27 PM)
57.78
-0.65 (-1.11%)