VANECK STEEL ETF (SLX) Stock Technical Analysis
NYSEARCA:SLX - US92189F2056 - ETF
71.0925 USD
-0.28 (-0.4%)
Overall SLX gets a technical rating of 8 out of 10. 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 24874 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
SLX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SLX is lagging the market slightly.
In the last month SLX has a been trading in the 66.70 - 71.58 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, SLX turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
SLX is part of the Automobile Components industry. There are 80 other stocks in this industry, SLX did better than 54% of them.
Considerably lower volume is observed in the last couple of days.
SLX has an excellent technical rating, but the quality of the setup is only medium 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
66.05
73.35
We found 2 important support areas.
- A support zone ranging from 68.34 to 70.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.72 to 66.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 72.43 to 72.62. This zone is formed by a combination of multiple trend lines in the weekly 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 | 67.7 | 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) | DOWN | MIXED | The current price of SLX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.85 | NEUTRAL | The RSI value for SLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.91 | OVERBOUGHT | The high Stochastics value suggests SLX may be overbought. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for SLX suggests low volalility. |
| Average Directional Index/ADX (14) | 16.11 | NEGATIVE | The low ADX value for SLX suggests a weak or negative 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 |
|---|---|---|---|
| 72.63 | 68.19 | 4.44 (6.11%) | 16.36% |
| An entry @72.63. This is a Buy Stop order right above the resistance zone. | An exit @68.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.44 points, which is 6.11%. | For a 1.00% total portfolio risk, you can invest 16.36% of your capital in this trade. |
- 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 (8/29/2025, 8:04:00 PM)
71.0925
-0.28 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.4%
1 Week0.09%
2 Weeks2.19%
1 Month6.16%
3 Month14.9%
6 Month14.22%
12 Month6.75%
2 Year5.54%
3 Year34.39%
5 Year131.27%
10 Year180%
15 Year25.16%
Volatility
ATR(14)0.95
ATR(20)%1.37%
ATR Inc-61.72%
Range Today0.41
ADR(20)0.75
ADR(20)%1.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.7
Mansfield0.02
10 Day High71.58
10 Day Low68.2
20 Day High71.58
20 Day Low66.7
52 Week High74.33
52 Week Low51.69
CS1 End70.85
CR1 Start72.43
Volume & EV
DER(3)1.14%
DER(5)-0.93%
Volume5.90K
Volume Incr-61.77%
Vol(5)8.94K
Vol(50)24.87K