When the Price of Steris Plc $STE Talks, People Listen

May 28, 2023, 12:45 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for STE

• Buy STE slightly over 184.53 target 205.23 stop loss @ 184 Details

The technical summary data tells us to buy STE near 184.53 with an upside target of 205.23. This data also tells us to set a stop loss @ 184 to protect against excessive loss in case the stock begins to move against the trade. 184.53 is the first level of support below 200.44 , and by rule, any test of support is a buy signal. In this case, support 184.53 is being tested, a buy signal would exist.

• Short STE slightly under 205.23, target 184.53, stop loss @ 205.82 Details

The technical summary data is suggesting a short of STE as it gets near 205.23 with a downside target of 184.53. We should have a stop loss in place at 205.82though. 205.23 is the first level of resistance above 200.44, and by rule, any test of resistance is a short signal. In this case, if resistance 205.23 is being tested, a short signal would exist.

Swing Trading Plans for STE

• Buy STE slightly over 205.23, target 212.36, Stop Loss @ 204.64 Details

If 205.23 begins to break higher, the technical summary data tells us to buy STE just slightly over 205.23, with an upside target of 212.36. The data also tells us to set a stop loss @ 204.64 in case the stock turns against the trade. 205.23 is the first level of resistance above 200.44, and by rule, any break above resistance is a buy signal. In this case, 205.23, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short STE slightly near 205.23, target 198.92, Stop Loss @ 205.82. Details

The technical summary data is suggesting a short of STE if it tests 205.23 with a downside target of 198.92. We should have a stop loss in place at 205.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 205.23, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for STE

• Buy STE slightly over 201.74, target 205.23, Stop Loss @ 201.27 Details

If 201.74 begins to break higher, the technical summary data tells us to buy STE just slightly over 201.74, with an upside target of 205.23. The data also tells us to set a stop loss @ 201.27 in case the stock turns against the trade. 201.74 is the first level of resistance above 200.44, and by rule, any break above resistance is a buy signal. In this case, 201.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short STE slightly near 201.74, target 198.92, Stop Loss @ 202.21. Details

The technical summary data is suggesting a short of STE if it tests 201.74 with a downside target of 198.92. We should have a stop loss in place at 202.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 201.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Steris Plc (STE) available here: STE.

STE Ratings for May 28:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	164.37
P2	197.69	198.92	184.53
P3	201.74	212.36	205.23

AI Generated Signals for STE

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Steris Plc (NYSE: STE) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for STE can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.