STEP

StepStone Group Inc. Class A

NASDAQ · Common stock

41.64

−1.07 (−2.51%)

Close, Oct 16, 2026

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Structural summary

What is the structure, what changed, and what would invalidate it

Viridia Intelligence

Context across dimensions, not a rating

StructureExpanding rangeIntermediate-degree swings on the daily chart.

WaveDefensiveEnding diagonal, wave 5 down (Pattern Confidence 67); the weekly count points the other way.

FibonacciZone aboveNearest confluence 43.87–44.81 (5 relationships), +6.5% from the close.

MomentumWeak3 months −1.4% (behind SPY by 4.3 points); 6 months −24.2%.

RegimeDowntrend−12.0% vs the 50-day average, −18.0% vs the 200-day.

RiskNormal20-day volatility 36% vs 48% over the year; 1-year drawdown −48.2%; beta 1.68.

STEP setup history7 resolved: 2 reached target first

Current structure

Price, swings and the preferred count on the chart

STEP · 1DLoading bars…

SourceMassive, end of dayUpdated—MethodDaily bars, split-adjusted

Candidate interpretations

Every count shown passes every hard rule

Candidate interpretations

Ranked by Pattern Confidence

Counts ending at the latest intermediate swing high, 53.02 on Aug 14, 2026. 118 labelings tested, 91 broke a hard rule, 12+ remain.

Hard-rule evidence: why 91 labelings were eliminated

39Wave 2 always retraces less than 100% of wave 1
21Wave 4 always retraces less than 100% of wave 3
15Contracting triangle: C ends short of A's end, D short of B's end, and E short of C's end
7Wave B ends short of the start of wave A (a zigzag is a sharp correction)
6Wave 3 always travels beyond the end of wave 1
2Wave B retraces at least 90% of wave A

Method Every chain of 3–6 alternating pivots ending at the latest confirmed pivot is tested as each pattern; only counts with zero hard-rule failures are kept, then ranked by Pattern Confidence. Rules: rulebook.Engine pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1, bars to Oct 16, 2026

Fibonacci map

Confluence zones above and below the closeClose 41.64

41.64close

Bar length is the zone's strength (a weighted count of relationships, not a probability). Select a zone to see what forms it.

43.87 – 44.81+6.5% from the close

5 relationships · strength 3.7 · Minor degree

44.81ProjectionWave 5 = 61.8% of wave 1 · Minor · Essentials · secondary ratio
44.76ProjectionWave E = 61.8% of wave C · Minor · Essentials
44.28ChannelWave 4 channel (line 1–3 through 2, log scale) · Minor · EWP · secondary ratio
44.28Swing61.8% retracement of the decline 2026-10-02 → 2026-10-14 · Minor · Basics
43.87RetracementWave 4 retraces 38.2% of wave 3 · Minor · EWF

Method Targets come from the Fibonacci relationships the sources describe for the wave in progress, Elliott trend channels, the prior fourth wave of lesser degree, and 38.2–78.6% retracements of the latest swing. A zone is where two or more independent relationships fall within max(¼ ATR, 0.4%) of each other; strength counts them, weighting primary ratios and higher degrees. It is not a probability.

Evidence

The setup the preferred count implies, and how that kind of setup has done

Setup

Intermediate degree · from the preferred count

No scenario at intermediate degree right now

The count's stop or target lies on the wrong side of the entry. Viridia shows nothing rather than a guess.

Setups at other degrees:

NoteResearch scenario generated from Viridia's structural model. Not a recommendation.MethodA setup restates the preferred count as a trade: the entry (the close, or the level where the correction in progress most often ends), the stop where the count is wrong (a rule level, or the end of a finished pattern), and the count's own Fibonacci target. Reward:risk is measured from the middle of the entry range. A setup needs reward:risk of at least 1 : 1. It is research output from the wave count, not a recommendation or a forecast.

Engine details

Analysis engine: pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1
Bars analysed to: Oct 16, 2026
Price history: Automatic, updated nightly
Daily bars: 514 since Sep 30, 2024
Avg volume, 50 days: 1.14M
Dollar volume, 20 days: $44.4M
SEC CIK: 0001796022
Provider symbols: nasdaqtrader: STEP · massive: STEP
Listing changes: None since Sep 24, 2026

SourcePrices: Massive (end of day, split-adjusted). Listings: Nasdaq Trader, SECUpdatedOct 21, 2026, 8:00 AM EDTMethodSecurity master, daily snapshot diff

Structure at a glance

Daily chart, as of Oct 16, 2026

Since the count's last pivot (53.02, Aug 14, 2026) price has moved −21.5%, the way the count expects.12 of 12 rule-valid counts expect the current move to be down.Weekly count: flat complete ↑, opposite direction

Preferred count

Ending diagonal down · wave 5 ↓

Price is in wave 5 of a five-wave decline (ending diagonal).

1-2-3-4 from 77.80, Jan 16, 2026

Pattern Confidence67Medium

2 of 2 checks met

Key levels, preferred count

Invalidation−18.2% from close

34.08

Price below this level breaks the count.

Target, wave 5−14.1% from close

35.76

Wave 5 channel (line 2–4 through 3, log scale)

Nearest confluence zone+6.5% from close

43.87–44.81

5 Fibonacci relationships meet here.

Alternate count

Ending diagonal down · wave 3 ↓

Price is in wave 3 of a five-wave decline (ending diagonal).

1-2 from 77.80, Jan 16, 2026

Pattern Confidence60Medium

1 of 1 checks met

Why this count is preferred · 2 met, 0 not met

Met

Wave 4 almost always ends in the price territory of wave 1
The count starts at the price extreme of the prior swing (a new trend begins where the old one ended)

Not met

None.

MethodPattern Confidence = (guidelines met + 2) ÷ (guidelines measured + 4), from the rulebook's guidelines, Fibonacci tendencies and wave-personality checks (wave 3 speed and volume, wave 5 volume, alternation in time, a start at the prior extreme), alternate waves in Fibonacci ratio, and the rarity of running flats. The alternate is the best-ranked count that tells a different story. It ranks the rule-valid counts against each other; it is not a probability of any outcome.

Structural summary

Viridia Intelligence

Current structure

Candidate interpretations

Candidate interpretations

Fibonacci map

Fibonacci map

Evidence

Setup

Engine details

Structure at a glance

What changed