Technical Analysis for SLX - Market Vectors Steel Index ETF Fund

Grade Last Price % Change Price Change
grade C 45.93 0.26% 0.12
SLX closed up 0.26 percent on Friday, September 21, 2018, on 1.41 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Up Up
See historical SLX trend table...

Date Alert Name Type % Chg
Sep 21 MACD Bullish Centerline Cross Bullish 0.00%
Sep 21 Pocket Pivot Bullish Swing Setup 0.00%
Sep 21 Narrow Range Bar Range Contraction 0.00%
Sep 21 NR7 Range Contraction 0.00%
Sep 21 Inside Day Range Contraction 0.00%
Sep 21 Overbought Stochastic Strength 0.00%
Sep 21 Up 3 Days in a Row Strength 0.00%
Sep 21 Up 4 Days in a Row Strength 0.00%
Sep 21 Up 5 Days in a Row Strength 0.00%
Sep 20 Upper Bollinger Band Walk Strength 0.26%

Older 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.
Is SLX a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 51.92
52 Week Low 39.22
Average Volume 24,542
200-Day Moving Average 47.1255
50-Day Moving Average 45.0956
20-Day Moving Average 43.96
10-Day Moving Average 43.994
Average True Range 0.801
ADX 22.31
+DI 39.3706
-DI 24.0912
Chandelier Exit (Long, 3 ATRs ) 44.097
Chandelier Exit (Short, 3 ATRs ) 43.713
Upper Bollinger Band 46.2662
Lower Bollinger Band 41.6538
Percent B (%b) 0.93
BandWidth 10.492266
MACD Line 0.0906
MACD Signal Line -0.3392
MACD Histogram 0.4298
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 46.52
Resistance 3 (R3) 46.54 46.37 46.42
Resistance 2 (R2) 46.37 46.22 46.36 46.38
Resistance 1 (R1) 46.15 46.13 46.07 46.13 46.35
Pivot Point 45.98 45.98 45.94 45.97 45.98
Support 1 (S1) 45.76 45.83 45.68 45.74 45.51
Support 2 (S2) 45.59 45.74 45.58 45.48
Support 3 (S3) 45.37 45.59 45.44
Support 4 (S4) 45.35