STEPSTONE GROUP INC-CLASS A (STEP) Stock Technical Analysis
NASDAQ:STEP - Nasdaq - US85914M1071 - Common Stock - Currency: USD
Taking everything into account, STEP scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, STEP is only an average performer.
The long and short term trends are both positive. This is looking good!
STEP 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 STEP is lagging the market slightly.
In the last month STEP has a been trading in the 54.06 - 62.86 range, which is quite wide. It is currently trading near the high of this range.
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 65% of all stocks.
STEP is part of the Capital Markets industry. There are 238 other stocks in this industry, STEP did better than 63% of them.
Volume is considerably higher in the last couple of days.
STEP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 62.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.06, 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
48.33
64.28
We found 4 important support areas.
- A support zone ranging from 59.67 to 60.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 58.23 to 58.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.66 to 53.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.82 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 62.23 to 62.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.64 from a horizontal line 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STEP is up. |
| ChartMill Relative Strength | 65.52 | NEUTRAL | STEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of STEP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STEP is above the rising 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) | 57.94 | NEUTRAL | The RSI value for STEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests STEP has a positive trend. |
| Stochastics (14,3) | 92.92 | OVERBOUGHT | The high Stochastics value suggests STEP may be overbought. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for STEP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for STEP suggests a weak or negative 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 |
|---|---|---|---|
| 62.49 | 59.66 | 2.83 (4.53%) | 22.08% |
| An entry @62.49. This is a Buy Stop order right above the resistance zone. | An exit @59.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.83 points, which is 4.53%. | When investing 22.08% 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.
61.46
-0.77 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.24%
1 Week5.11%
2 Weeks8.2%
1 Month-2.15%
3 Month3.21%
6 Month-1.62%
12 Month15.24%
2 Year99.09%
3 Year125.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.38
ATR(20)%3.33%
ATR Inc-22.36%
Range Today2.05
ADR(20)1.94
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.52
Mansfield-0.32
10 Day High62.63
10 Day Low54.06
20 Day High62.86
20 Day Low54.06
52 Week High70.38
52 Week Low40.07
CS1 End60.06
CR1 Start62.23
Volume & EV
DER(3)-1%
DER(5)0.6%
Volume770.90K
Volume Incr37.81%
Vol(5)801.36K
Vol(50)590.31K