Taking everything into account, STEP scores 6 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.
Although the technical rating is only medium, STEP does present a nice setup opportunity. Prices have been consolidating lately. 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 62.81, 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.
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50.47
4 important support areas can be observed.
- A support zone ranging from 62.55 to 62.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.36 to 61.42. 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.
We found 1 important resistance 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 | 52.6 | 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) | 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) | 50.32 | NEUTRAL | The RSI value for STEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests STEP has a negative trend. |
| Stochastics (14,3) | 59.46 | NEUTRAL | The Stochastics value for STEP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for STEP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for STEP suggests a weak or negative 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 |
|---|---|---|---|
| 63.85 | 62.54 | 1.31 (2.06%) | 25.00% |
| An entry @63.85. This is a Buy Stop order right above the 10 day moving average. | An exit @62.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.31 points, which is 2.06%. | For a 0.51% total portfolio risk, you can invest 25.00% 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.
63.04
+0.48 (+0.77%)
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 6 / 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 50.3163. 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 -0.0034391, 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.