FARO ECONÓMICOSTOCK ANALYSIS

SLX — analysis and forecast

$110.85+1.8% todayVanEck Steel ETF
Verdict
Bullish
RSI (14)
56
MACD
▼ falling
Trend
Uptrend
Volatility
25%
52w range
94%

🗓️ Forecast by horizon

Directional bias · probability of rising · expected price and likely range (68%)

HorizonBiasProb. upExpected price68% range
1 dayBullish56%$110.97 +0.1%$109.26 – $112.72
3 daysBullish57%$111.23 +0.3%$108.26 – $114.27
1 weekBullish58%$111.48 +0.6%$107.65 – $115.44
15 daysBullish60%$112.10 +1.1%$106.71 – $117.78
1 monthBullish64%$113.50 +2.4%$105.67 – $121.92
3 monthsStrongly bullish71%$119.00 +7.3%$105.13 – $134.69

Recent momentum: +0.2% over 20 days · +3.7% over 60 days. The further out the horizon, the wider and more uncertain the forecast.

📈 Probability cone

📜 Government contracts

We have no notable federal contract on file for SLX. You can look it up yourself at USASpending.gov or in the Government Sources hub.

🧠 How it is calculated

The verdict combines trend (20/50/200 moving averages), momentum (RSI, MACD), mean reversion (Bollinger Bands), conviction (volume) and historical drift, weighted differently for each horizon. Uncertainty is modeled with a lognormal probability cone (geometric Brownian motion). This is statistical analysis, not a crystal ball.

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⚠️ Educational tool. Not financial advice. Forecasts are statistical estimates based on historical volatility; the market can do the opposite. Data via Yahoo Finance. Always verify before trading. The decisions are yours.