We assign a technical rating of 5 out of 10 to STEP. In the last year, STEP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, STEP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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 67.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.02, 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
50.47
5 important support areas can be observed.
- A support zone ranging from 62.55 to 63.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.52 from a trend line in the daily time frame.
- A support zone ranging from 59.36 to 60.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.35 from a horizontal line in the daily time frame.
- Support @50.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 67.35 to 68.03. 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STEP is neutral. |
| ChartMill Relative Strength | 54.34 | NEUTRAL | STEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STEP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of STEP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STEP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.52 | NEUTRAL | The RSI value for STEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests STEP has a negative trend. |
| Stochastics (14,3) | 59.66 | NEUTRAL | The Stochastics value for STEP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for STEP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for STEP suggests a weak or negative trend. |
63.58
+0.54 (+0.86%)
STEPSTONE GROUP INC-CLASS A / STEP FAQ
Can you provide the ChartMill technical rating for STEPSTONE GROUP INC-CLASS A?
ChartMill assigns a technical rating of 5 / 10 to STEP.
Can you provide the trend direction for STEPSTONE GROUP INC-CLASS A?
The current trend direction for STEPSTONE GROUP INC-CLASS A (STEP) is Bullish.
Can you provide the RSI signal for STEPSTONE GROUP INC-CLASS A?
STEPSTONE GROUP INC-CLASS A (STEP) has an RSI value of 52.5226. This indicates that the stock is currently neutral.
What is the MACD signal for STEPSTONE GROUP INC-CLASS A (STEP) stock?
The MACD indicator for STEPSTONE GROUP INC-CLASS A (STEP) has a value of -0.0103583, indicating a bearish trend.
Can you provide the short term momentum for STEPSTONE GROUP INC-CLASS A?
The short term momentum for STEPSTONE GROUP INC-CLASS A (STEP) is neutral.