VANECK STEEL ETF (SLX) Stock Technical Analysis
NYSEARCA:SLX - NYSE Arca - US92189F2056 - ETF - Currency: USD
Overall SLX gets a technical rating of 2 out of 10. In the past year, SLX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, SLX is a bad performer in the overall market: 80% of all stocks are doing better.
SLX is part of the Automobile Components industry. There are 83 other stocks in this industry, of which 64% are performing better than SLX.
Warning: SLX has an average volume of 12390 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month SLX has a been trading in the 59.60 - 63.81 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
SLX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLX is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, SLX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 61.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
56.97
74.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 61.42 to 61.90. 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 57.55 to 57.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.22 to 63.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.62 to 72.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @74.17 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.83
Mansfield-1.52
10 Day High63.81
10 Day Low59.6
20 Day High63.81
20 Day Low59.6
52 Week High74.33
52 Week Low57.31
Performance
1 Week0.57%
2 Weeks1.05%
1 Month4.38%
3 Month-8.66%
6 Month-4.8%
12 Month-12.31%
2 Year-5.77%
3 Year3.55%
5 Year112.18%
10 Year83.02%
15 Year4.91%
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)
Technical Indicators
MACD(12,26,9)0.32
RSI(14)52.82
LBB60.13
UBB63.32
VANECK STEEL ETF
NYSEARCA:SLX (2/12/2025, 8:04:00 PM)
62.21
-0.7 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-1.11%
1 Week0.57%
2 Weeks1.05%
1 Month4.38%
3 Month-8.66%
6 Month-4.8%
12 Month-12.31%
2 Year-5.77%
3 Year3.55%
5 Year112.18%
10 Year83.02%
15 Year4.91%
Volatility
ATR(14)1.04
ATR(20)%1.62%
ATR Inc-16.46%
Range Today0.73
ADR(20)0.8
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.83
Mansfield-1.52
10 Day High63.81
10 Day Low59.6
20 Day High63.81
20 Day Low59.6
52 Week High74.33
52 Week Low57.31
CS1 End61.9
CR1 Start62.22
Volume & EV
DER(3)1.25%
DER(5)1.39%
Volume10.10K
Volume Incr47.44%
Vol(5)18.54K
Vol(50)12.39K