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Archive
- 10/9/2026 -
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STERIS plc (STE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the STERIS plc (STE). During the week, the STE gained 5.86 points, or 2.81%, and closed at 214.40 on Friday, October 9, 2026. It was the best weekly gain since August 7, 2026. STE was trading at average weekly trading volume.
STE is a member of Health Care Sector. Health Care is the most overbought sector. 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 May 7, 2026 at 195.14 and reached 241.39 on August 11, 2026. STE gained -46.25 points, or -23.70%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 204.61 and resistance is at 258.04. 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 August 11, 2026 at 241.39 and reached 203.32 on September 21, 2026. STE lost 38.07 points, or 15.77%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (208.32) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See STE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since September 18, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 September 21, 2026 at 203.32 and reached 215.66 on October 9, 2026. STE gained -12.34 points, or -6.07%, in 18 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (213.96). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See STE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 28, 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 (3.75%) is close to one year low (3.90%). It is 62.54% 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.
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