SLX sees its Stochastic Oscillator recovers from oversold territory
On January 06, 2025, the Stochastic Oscillator for SLX moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 54 instances where the indicator left the oversold zone. In of the 54 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for SLX's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Moving Average Convergence Divergence (MACD) for SLX just turned positive on January 07, 2025. Looking at past instances where SLX's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SLX as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 50-day moving average for SLX moved below the 200-day moving average on December 20, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SLX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SLX entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category NaturalResources
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| DQICX | 31.11 | 0.35 | +1.14% |
| BNY Mellon Equity Income Fund C | |||
| PUFCX | 20.02 | 0.20 | +1.01% |
| PGIM Jennison Financial Services C | |||
| CMLIX | 47.86 | 0.45 | +0.95% |
| Congress Large Cap Growth Institutional | |||
| NSFFX | 11.99 | 0.04 | +0.33% |
| Natixis Target Retirement 2030 N | |||
| FRUSX | 22.79 | 0.01 | +0.04% |
| Franklin Utilities C | |||
SLX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SLX has been closely correlated with GNR. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if SLX jumps, then GNR could also see price increases.