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- 4/17/2026 -
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STERIS plc (STE) Technical Analysis

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Summary:
Weekly :Oversold sectorOversold industryStochastic signal line moved above oversold area
Daily :MACD bearish divergenceThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a second consecutive positive week for the STERIS plc (STE). During the week, the STE gained 3.21 points, or 1.44%, and closed at 225.79 on Friday, April 17, 2026. STE was trading at average weekly trading volume.

STE is a member of Health Care Sector. Health Care is the second most oversold sector. STE is a member of Health Care Equipment Industry. Health Care Equipment is the ninth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See STE long-term trend chart]
A long-term uptrend had started on November 30, 2023 at 195.47 and reached 269.44 on January 16, 2026. STE gained -73.97 points, or -37.84%, in 111 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 207.47 and resistance is at 273.56. 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 downtrend had started on January 16, 2026 at 269.44 and reached 209.98 on March 13, 2026. STE lost 59.46 points, or 22.07%, in 8 weeks. The price is now at the 26.59% retracement level.

Weekly Technical Indicators: [See STE weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 below its signal line since January 30, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See STE short-term trend chart]
A short-term uptrend had started on March 13, 2026 at 209.98 and reached 227.83 on April 17, 2026. STE gained -17.85 points, or -8.50%, in 35 days. The price is now at the 11.43% retracement level.

Daily Technical Indicators: [See STE daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish 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 bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since March 23, 2026. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.9%) is close to one year low (3.66%). It is 58.50% 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) 61.65
Williams' Percentage Range (W%R) 47.50
Lane's Stochastic (%D-Slow) 69.69
Greed/Fear Indicator (GFI) 61.28
Moving Average Converg./Diverg. (MACD) -3.18 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.48
Williams' Percentage Range (W%R) 79.50
Lane's Stochastic (%D-Slow) 20.20
Greed/Fear Indicator (GFI) 26.80
Moving Average Converg./Diverg. (MACD) -2.11
Trading Signals
Description Value Chart
50 Day Moving Average 231.63
Upper Bollinger Band 227.95
Price 225.79
Daily Stochastic Crossing 224.33
20 Day Moving Average 221.78
Weekly Stochastic Crossing 220.05
Lower Bollinger Band 219.15
Parabolic System 218.04
Quarterly Trendline Support 207.47
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 9
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 215.87
Low Date 04/02/2026
High 227.83
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 209.98
Low Date 03/13/2026
High 227.83
High Date 04/17/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 269.44
High Date 01/16/2026
Low 209.98
Low Date 03/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 273.56
Support 207.47
Low 195.47
Low Date 11/30/2023
High 269.44
High Date 01/16/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 159.21
Low Date 10/13/2022
High 269.44
High Date 01/16/2026
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.