VANECK STEEL ETF (SLX) Stock Technical Analysis
USA - NYSEARCA:SLX - US92189F2056 - ETF
Overall SLX gets a technical rating of 9 out of 10. 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.
SLX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 79.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 78.32, a Stop Loss order could be placed below this zone.
More info and screens
71.10
3 important support areas can be observed.
- A support zone ranging from 78.17 to 78.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 74.64 to 75.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 71.82 to 71.82. 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 79.36 to 80.51. 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 | 78.99 | POSITIVE | SLX has a high relative strength, it outperformed 78.99% 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) | 57.32 | NEUTRAL | The RSI value for SLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SLX has a negative trend. |
| Stochastics (14,3) | 61.75 | NEUTRAL | The Stochastics value for SLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for SLX suggests low volalility. |
| Average Directional Index/ADX (14) | 24.71 | NEUTRAL | The ADX value for SLX suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 80.52 | 78.16 | 2.36 (2.93%) | 25.00% |
| An entry @80.52. This is a Buy Stop order right above the resistance zone. | An exit @78.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.36 points, which is 2.93%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- 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 (11/14/2025, 8:26:52 PM)
78.85
+0.01 (+0.02%)
VANECK STEEL ETF / SLX FAQ
What is the technical rating for SLX stock?
ChartMill assigns a technical rating of 9 / 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 57.3165. 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 -0.0979459, 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 78.32 and a resistance level at 79.36. Check the full technical report for our detailed analysis of SLX support and resistance levels.