VANECK STEEL ETF (SLX) Stock Technical Analysis
USA - NYSEARCA:SLX - US92189F2056 - ETF
73.79 USD
-0.96 (-1.28%)
Taking everything into account, SLX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SLX is only an average performer.
Warning: SLX has an average volume of 23048 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
SLX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, SLX outperforms 62% of them, which is more or less in line with the market.
SLX is part of the Automobile Components industry. There are 81 other stocks in this industry, SLX did better than 53% of them.
In the last month SLX has a been trading in the 71.45 - 76.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SLX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 73.45, a Stop Loss order could be placed below this zone.
More info and screens
66.06
76.50
2 important support areas can be observed.
- A support zone ranging from 71.28 to 73.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.73 to 66.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 74.17 to 74.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.74 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLX is up. |
| ChartMill Relative Strength | 62.33 | NEUTRAL | SLX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.02 | NEUTRAL | The RSI value for SLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SLX has a negative trend. |
| Stochastics (14,3) | 54.46 | NEUTRAL | The Stochastics value for SLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for SLX suggests low volalility. |
| Average Directional Index/ADX (14) | 27 | POSITIVE | The high ADX value value for SLX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 74.37 | 71.81 | 2.56 (3.44%) | 25.00% |
| An entry @74.37. This is a Buy Stop order right above the resistance zone. | An exit @71.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.56 points, which is 3.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:SLX (10/16/2025, 8:15:31 PM)
73.79
-0.96 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.28%
1 Week-1.5%
2 Weeks-0.3%
1 Month1.97%
3 Month5.35%
6 Month29.48%
12 Month7.16%
2 Year17.77%
3 Year38.86%
5 Year130.74%
10 Year209.13%
15 Year15.21%
Volatility
ATR(14)1.59
ATR(20)%1.82%
ATR Inc-16.74%
Range Today1.7
ADR(20)1.21
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.33
Mansfield0.26
10 Day High76.65
10 Day Low71.82
20 Day High76.65
20 Day Low71.45
52 Week High76.65
52 Week Low51.69
CS1 End73.45
CR1 Start74.17
Volume & EV
DER(3)2.57%
DER(5)2.6%
Volume11.90K
Volume Incr-9.16%
Vol(5)26.96K
Vol(50)23.05K