SLMT Should I Buy

Not a good buy right now. SLMT is in a clear bearish trend (SMA_200 > SMA_20 > SMA_5) and is trading below/around near-term support (S1 1.41) at ~1.395, which increases the odds of a quick continuation move down toward the next support (1.236). With no Intellectia buy signals today and no clear bullish catalyst strong enough to reverse the trend immediately, an impatient buyer is more likely to experience downside first rather than an immediate bounce.

Trend is bearish: moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), signaling sustained downside pressure. Price (1.395) is below the listed S1 support (1.41), which is a near-term technical negative and opens room toward S2 (~1.236) if selling continues. RSI_6 is ~27, which is typically oversold and can fuel a short bounce, but in strong downtrends oversold readings can persist. MACD histogram is positive (0.0465) but contracting, implying bullish momentum is fading rather than strengthening. Key levels: resistance starts at Pivot ~1.693 then R1 ~1.976; support at ~1.41 then ~1.236. Pattern-based projection provided is slightly negative next week (-1.02%) with a more constructive 1-month bias (+6.85%), but the current breakdown risk dominates the near-term entry for an impatient buyer.