The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

STERIS plc (STE) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overbought
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldMACD bullish divergenceThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the STERIS plc (STE). During the week, the STE dropped -3.65 points, or -1.56%, and closed at 230.05 on Friday, March 15, 2024. It was the worst weekly loss since January 26, 2024. Weekly volume was -14% below average.

Long-term trend: [See STE long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 159.21 and reached 254.00 on August 2, 2023. STE gained -94.79 points, or -59.54%, in 41 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 204.80 and resistance is at 294.38. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See STE medium-term trend chart]
A medium-term uptrend had started on November 30, 2023 at 195.47 and reached 238.51 on February 23, 2024. STE gained -43.04 points, or -22.02%, in 12 weeks. The price is now at the 19.66% retracement level.

Weekly Technical Indicators: [See STE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since January 5, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See STE short-term trend chart]
A short-term downtrend had started on February 23, 2024 at 238.51 and reached 226.92 on March 15, 2024. STE lost 11.59 points, or 4.86%, in 21 days. The price is now at the 27.01% retracement level.

Daily Technical Indicators: [See STE daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since February 29, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.53%) is close to one year low (3.23%). It is 59.98% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.22
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 68.04
Greed/Fear Indicator (GFI) 36.09
Moving Average Converg./Diverg. (MACD) 2.49 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.57
Williams' Percentage Range (W%R) 26.90
Lane's Stochastic (%D-Slow) 82.62
Overbought
Greed/Fear Indicator (GFI) 70.53
Moving Average Converg./Diverg. (MACD) 2.93
Trading Signals
Description Value Chart
Parabolic System 238.28
Upper Bollinger Band 234.96
Weekly Stochastic Crossing 233.08
20 Day Moving Average 232.45
Daily Stochastic Crossing 232.13
Price 230.05
Lower Bollinger Band 226.86
50 Day Moving Average 225.72
Quarterly Trendline Support 204.80
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 81
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 238.51
High Date 02/23/2024
Low 226.92
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 195.47
Low Date 11/30/2023
High 238.51
High Date 02/23/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 254.00
High Date 08/02/2023
Low 195.47
Low Date 11/30/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 294.38
Support 204.80
Low 159.21
Low Date 10/13/2022
High 254.00
High Date 08/02/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 255.93
High Date 04/20/2022
Low 159.21
Low Date 10/13/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.