STEPSTONE GROUP INC-CLASS A (STEP) Stock Technical Analysis
NASDAQ:STEP - Nasdaq - US85914M1071 - Common Stock - Currency: USD
Overall STEP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STEP is showing a nice and steady performance.
STEP has an excellent technical rating and also presents a decent setup pattern. 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 63.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.82, a Stop Loss order could be placed below this zone.
More info and screens
47.56
When analyzing the support we can see 4 important areas.
- A support zone ranging from 59.33 to 59.82. 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 57.19 to 58.20. 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 @48.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.02 to 63.64. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STEP is up. |
| ChartMill Relative Strength | 81.63 | POSITIVE | STEP has a high relative strength, it outperformed 81.63% off all stocks 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) | 62.9 | NEUTRAL | The RSI value for STEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests STEP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.16 | NEUTRAL | The Stochastics value for STEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for STEP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.92 | NEUTRAL | The ADX value for STEP suggests a possible start of a new 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 |
|---|---|---|---|
| 63.65 | 59.32 | 4.33 (6.80%) | 14.70% |
| An entry @63.65. This is a Buy Stop order right above the resistance zone. | An exit @59.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.33 points, which is 6.80%. | For a 1.00% total portfolio risk, you can invest 14.70% of your capital in this trade. |
- 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.
61.88
+0.77 (+1.26%)