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Archive
- 4/17/2025 -
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STERIS plc (STE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the STERIS plc (STE). During the week, the STE climbed 1.13 points, or 0.51%, and closed at 222.23 on Thursday, April 17, 2025. Weekly volume was -24% 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 Symmetric Triangle chart pattern. The uptrend support line (239.52) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See STE medium-term trend chart]
A medium-term uptrend had started on January 3, 2025 at 201.00 and reached 236.80 on March 10, 2025. STE gained -35.80 points, or -17.81%, in 9 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See STE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 31, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 10, 2025 at 236.80 and reached 204.90 on April 9, 2025. STE lost 31.90 points, or 13.47%, in 30 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 199.50 and resistance is at 224.67. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See STE daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
Price is close to the 50 Day Moving Average. 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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