STERIS plc Stock Forecast
Red day on Tuesday for STERIS plc
(Updated on Jul 02, 2024)
The STERIS plc stock price fell by -0.0915% on the last day (Tuesday, 2nd Jul 2024) from $218.54 to $218.34. During the last trading day the stock fluctuated 0.93% from a day low at $217.32 to a day high of $219.35. The price has been going up and down for this period, and there has been a 1.03% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -453 thousand shares and in total, 360 thousand shares were bought and sold for approximately $78.56 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $215.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.54% during the next 3 months and, with a 90% probability hold a price between $233.99 and $267.35 at the end of this 3-month period.
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STE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The STERIS plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $224.59. On a fall, the stock will find some support from the short-term average at $217.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for STERIS plc stock
STERIS plc finds support from accumulated volume at $210.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.03 (0.93%) between high and low. For the last week, the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect STERIS plc to open at $218.34, and during the day (based on 14 day Average True Range), to move between $214.66 and $222.02, which gives a possible trading interval of +/-$3.68 (+/-1.68%) up or down from last closing price. If STERIS plc takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $218.54 (0.09%) than the support at $210.09 (3.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is STERIS plc stock A Buy?
STERIS plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.632 Sell Candidate Unchanged
Predicted Opening Price for STERIS plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $218.34 ( 0.0015%) | $218.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 220.37 | 0.93% |
| R2 | 219.59 | 0.573% |
| R1 | 219.11 | 0.354% |
| Price | 218.34 | |
| S1 | 217.56 | -0.357% |
| S2 | 217.08 | -0.576% |
| S3 | 216.31 | -0.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 231.33 | 5.95% |
| R2 | 230.60 | 5.62% |
| R1 | 218.54 | 0.0916% |
| Price | 218.34 | |
| S1 | 210.09 | -3.78% |
| S2 | 206.28 | -5.52% |
| S3 | 200.24 | -8.29% |
STE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | Jun 12, 2024 | Jun 26, 2024 | $0.520 | 0.241% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Mar 22, 2024 | $0.520 | 0.227% |
| 3 | Oct 31, 2023 | Nov 20, 2023 | Dec 21, 2023 | $0.520 | 0.238% |
| 4 | Jul 26, 2023 | Sep 05, 2023 | Sep 22, 2023 | $0.520 | 0.232% |
| 5 | May 03, 2023 | Jun 13, 2023 | Jun 28, 2023 | $0.470 | 0.217% |
FAQ
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