We assign a technical rating of 10 out of 10 to SLX. Both in the recent history as in the last year, SLX has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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75.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 78.88 to 79.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.82 to 77.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 85.16 to 85.80. This zone is formed by a combination of multiple trend lines 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 | 87.85 | POSITIVE | SLX has a high relative strength, it outperformed 87.85% 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) | 64.39 | NEUTRAL | The RSI value for SLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.7 | NEUTRAL | The Stochastics value for SLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for SLX suggests low volalility. |
| Average Directional Index/ADX (14) | 33.68 | POSITIVE | The high ADX value value for SLX suggests a strong trend. |
NYSEARCA:SLX (12/19/2025, 8:04:00 PM)
84.69
-0.17 (-0.2%)
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 64.3937. 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 0.0809063, 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 79.28 and a resistance level at 85.16. Check the full technical report for our detailed analysis of SLX support and resistance levels.