Taking everything into account, SLX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLX is showing a nice and steady performance.
Although SLX has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
75.03
When analyzing the support we notice one important area.
- A support zone ranging from 75.79 to 78.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 86.87 | POSITIVE | SLX has a high relative strength, it outperformed 86.87% off all stocks 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) | 68.07 | NEUTRAL | The RSI value for SLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests SLX has a positive trend. |
| Stochastics (14,3) | 93.84 | OVERBOUGHT | The high Stochastics value suggests SLX may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for SLX suggests low volalility. |
| Average Directional Index/ADX (14) | 27.34 | POSITIVE | The high ADX value value for SLX suggests a strong trend. |
NYSEARCA:SLX (12/12/2025, 8:04:00 PM)
85.16
-0.64 (-0.75%)
VANECK STEEL ETF / SLX FAQ
What is the technical rating for SLX stock?
ChartMill assigns a technical rating of 10 / 10 to SLX.
Can you provide the trend direction for VANECK STEEL ETF?
The current trend direction for VANECK STEEL ETF (SLX) is Bullish.
What is the RSI signal for VANECK STEEL ETF (SLX) stock?
VANECK STEEL ETF (SLX) has an RSI value of 68.0737. This indicates that the stock is currently neutral.
What is the MACD signal for SLX stock?
The MACD indicator for VANECK STEEL ETF (SLX) has a value of 0.38244, indicating a bearish trend.
What are the support and resistance levels for VANECK STEEL ETF (SLX) stock?
VANECK STEEL ETF (SLX) has a support level at 78.46. Check the full technical report for our detailed analysis of SLX support and resistance levels.