Technical Analysis for SLX - Market Vectors Steel Index ETF Fund

Grade Last Price % Change Price Change
B 64.21 2.10% 1.32
SLX closed up 2.1 percent on Wednesday, July 28, 2021, on 86 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical SLX trend table...

Date Alert Name Type % Chg
BB Squeeze Ended Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
50 DMA Support Bullish 2.10%
MACD Bullish Centerline Cross Bullish 2.10%
Bollinger Band Squeeze Range Contraction 2.10%
Stochastic Reached Overbought Strength 2.10%
Overbought Stochastic Strength 2.10%
Crossed Above 50 DMA Bullish 0.69%
Bollinger Band Squeeze Range Contraction 0.69%
Older End-of-Day Signals for SLX ...

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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
VALE A -0.87 15.32
RIO B 2.34 14.55
MT A 2.27 7.50
NUE B 3.94 6.48
TX A 2.30 6.00
PKX B 0.62 5.97
SID B 6.64 4.83
GGB B 3.03 4.47
VEDL B 8.44 4.47
STLD B 5.93 4.39
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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 68.22
52 Week Low 28.44
Average Volume 119,419
200-Day Moving Average 51.24
50-Day Moving Average 62.25
20-Day Moving Average 61.68
10-Day Moving Average 61.61
Average True Range 1.60
ADX 12.31
+DI 33.24
-DI 22.37
Chandelier Exit (Long, 3 ATRs) 59.64
Chandelier Exit (Short, 3 ATRs) 62.48
Upper Bollinger Bands 64.34
Lower Bollinger Band 59.02
Percent B (%b) 0.98
BandWidth 8.62
MACD Line 0.24
MACD Signal Line -0.10
MACD Histogram 0.3447
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 66.63
Resistance 3 (R3) 66.44 65.44 66.22
Resistance 2 (R2) 65.44 64.83 65.54 66.09
Resistance 1 (R1) 64.83 64.45 65.14 65.02 65.95
Pivot Point 63.83 63.83 63.99 63.93 63.83
Support 1 (S1) 63.22 63.22 63.53 63.41 62.47
Support 2 (S2) 62.22 62.84 62.32 62.33
Support 3 (S3) 61.61 62.22 62.20
Support 4 (S4) 61.80