SLX in downward trend: price may drop because broke its higher Bollinger Band on December 01, 2023
SLX broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 55 similar instances where the stock broke above the upper band. In of the 55 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on SLX as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SLX just turned positive on October 30, 2023. Looking at past instances where SLX's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
SLX moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SLX crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SLX advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 311 cases where SLX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category NaturalResources
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| DCCCX | 21.97 | 0.26 | +1.20% |
| Delaware Small Cap Core C | |||
| REICX | 12.67 | 0.06 | +0.48% |
| West Loop Realty C | |||
| MNBAX | 18.28 | N/A | N/A |
| Manning & Napier Pro-Blend Extnd Term S | |||
| TRDFX | 11.67 | N/A | N/A |
| Steward Values Enhanced SmMidCapIndex A | |||
| IRLSX | 60.24 | -0.61 | -1.00% |
| Voya Russell Large Cap Growth Idx Port S | |||
SLX and
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 83% 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.