STE closes higher for the 2nd day in a row
Moving higher for the 2nd day in a row, STE finished the week -1.64% lower at 114.83 after edging higher $0.09 (0.08%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.
Friday's trading range was $1.89 (1.66%), that's slightly below last trading month's daily average range of $1.98. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being above average.
Prices are trading close to a key support level at 114.29. Prices are trading close to the key resistance level at 117.11.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Steris Corp
|Southern Doji||TQ Pro Members Only|
|Close to R1 Resistance||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Doji||TQ Pro Members Only|
|Homing Pigeon||TQ Pro Members Only|
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