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Archive
- 2/6/2026 -
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STERIS plc (STE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the STERIS plc (STE). During the week, the STE dropped -10.44 points, or -3.98%, and closed at 252.16 on Friday, February 6, 2026. It was the worst weekly loss since December 12, 2025. Weekly volume was 150% above average.
 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 206.52 and resistance is at 272.57. 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 January 2, 2026 at 246.65 and reached 269.44 on January 16, 2026. STE gained -22.79 points, or -9.24%, in 2 weeks. The price is now at the 75.82% retracement level.
 Weekly Technical Indicators: [See STE weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 January 16, 2026 at 269.44 and reached 226.41 on February 5, 2026. STE lost 43.03 points, or 15.97%, in 20 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See STE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since January 27, 2026. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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