SLX Stock Analysis: Buy, Sell, or Hold?
SLX - VanEck Steel ETF
$95.02
1.01 (1.07%)
▲
5d:
+0.84%
30d:
+11.97%
90d:
+20.35%
BUY
MODERATE Confidence
Last Updated: February 2, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: SLX shows positive signals but monitor for confirmation. Moderate conviction.
💡 BUY OPPORTUNITY: SLX shows positive signals but monitor for confirmation. Moderate conviction.
In-depth Analysis How we analyze
Valuation Analysis: SLX is currently trading at $95.02, which is considered extended relative to its 30-day fair value range of $86.93 to $94.38.
Technical Outlook: Technically, SLX is in a strong uptrend. Immediate support is located at $90.24, while resistance sits at $98.24.
Market Sentiment: SLX has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, SLX is in a strong uptrend. Immediate support is located at $90.24, while resistance sits at $98.24.
Market Sentiment: SLX has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
EXTENDED
Fair Price Range
$86.93 -
$94.38
Company Quality Score
67/100
(BUY)
Options IV Signal
50th percentile
(NORMAL)
Volume Confirmation
HIGH
Confidence Score
61.4%
All Signals
- BEARISH: Price extended above range
- NEUTRAL: Options fairly priced (IV 50th percentile)
- BULLISH: Strong technical setup (75/100)
- BULLISH: High volume confirmation
Fair Price Analysis
30-Day Fair Range
$86.93 -
$94.38
Current vs Fair Value
EXTENDED
Expected Move (7 Days)
±$3.90
(4.1%)
Support & Resistance Levels
Support Level
$90.24
Resistance Level
$98.24
Current Trend
Strong Uptrend
Last updated: February 03, 2026 7:29 AM ET
Data refreshes hourly during market hours. Next update: 8:29 AM
Data refreshes hourly during market hours. Next update: 8:29 AM
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Technical Signals Check
Is SLX showing a specific setup today?