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Archive
- 5/29/2026 -
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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 -3.84 points, or -1.77%, and closed at 212.73 on Friday, May 29, 2026. Weekly volume was 18% above average.
STE is a member of Health Care Sector. Health Care is the most oversold 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 October 13, 2022 at 159.21 and reached 269.44 on January 16, 2026. STE gained -110.23 points, or -69.24%, in 170 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (275.14) 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 downtrend had started on January 16, 2026 at 269.44 and reached 195.14 on May 7, 2026. STE lost 74.30 points, or 27.58%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (189.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. STE may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since January 30, 2026. This is an indication that the medium-term trend is down. 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 May 22, 2026 at 219.98 and reached 208.95 on May 28, 2026. STE lost 11.03 points, or 5.01%, in 6 days. The price is now at the 34.27% retracement level.
 Daily Technical Indicators: [See STE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since May 13, 2026. The distance between MACD and the signal line is low and getting smaller.
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 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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