Technical Analysis for SLX - Market Vectors Steel Index ETF Fund

Grade Last Price % Change Price Change
B 72.55 -0.08% -0.06
SLX closed up 1.69 percent on Wednesday, March 27, 2024, on 1.34 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup -0.08%
Stochastic Reached Overbought Strength -0.08%
Above Upper BB Strength -0.08%
Gapped Up Strength -0.08%
Overbought Stochastic Strength -0.08%
Upper Bollinger Band Touch Strength -0.08%
Stochastic Sell Signal Bearish 1.61%
Slingshot Bullish Bullish Swing Setup 1.61%
Gapped Up Strength 1.61%
Overbought Stochastic Strength 1.61%

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Profile

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts ("ADRs") of companies involved in the steel industry. Such companies may include medium-capitalization companies and foreign issuers. The fund may also utilize convertible securities and participation notes to seek performance that corresponds to the Steel Index. It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF American Depositary Receipt Depositary Receipt Steel Industry Nyse Arca Tech 100 Index

Top 10 Components

Symbol Grade Price % Change Allocation
RIO D 0.19 10.17
VALE F -0.45 9.16
NUE A -0.32 7.87
TS B -0.14 5.70
STLD B 1.01 5.70
CMC B 0.50 5.46
RS A -0.22 5.45
CLF A 2.19 5.08
ATI B 0.68 5.07
MT D -1.38 4.90

Is SLX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 75.0
52 Week Low 53.6183
Average Volume 18,985
200-Day Moving Average 66.24
50-Day Moving Average 69.95
20-Day Moving Average 70.58
10-Day Moving Average 70.72
Average True Range 0.99
RSI (14) 62.12
ADX 14.34
+DI 38.22
-DI 22.25
Chandelier Exit (Long, 3 ATRs) 69.69
Chandelier Exit (Short, 3 ATRs) 71.08
Upper Bollinger Bands 72.45
Lower Bollinger Band 68.71
Percent B (%b) 1.04
BandWidth 5.30
MACD Line 0.44
MACD Signal Line 0.22
MACD Histogram 0.2205
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 74.01
Resistance 3 (R3) 73.87 73.26 73.77
Resistance 2 (R2) 73.26 72.91 73.33 73.70
Resistance 1 (R1) 72.94 72.69 73.10 73.08 73.62
Pivot Point 72.33 72.33 72.41 72.40 72.33
Support 1 (S1) 72.01 71.98 72.17 72.14 71.60
Support 2 (S2) 71.40 71.76 71.47 71.52
Support 3 (S3) 71.08 71.40 71.45
Support 4 (S4) 71.21