Technical Analysis for SLX - Market Vectors Steel Index ETF Fund

Grade Last Price % Change Price Change
A 58.01 0.97% 0.56
SLX closed up 0.97 percent on Friday, April 16, 2021, on 1.25 times 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 Signals

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

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
MACD Bullish Signal Line Cross Bullish 0.97%
New 52 Week Closing High Bullish 0.97%
New 52 Week High Strength 0.97%
Overbought Stochastic Strength 0.97%
New 52 Week Closing High Bullish 1.61%
New 52 Week High Strength 1.61%
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 1.19 15.69
RIO C 1.21 14.89
MT A 1.93 7.65
PKX A 0.30 6.55
NUE C 0.76 6.06
SID A 2.89 4.72
VEDL B 0.98 4.59
CLF C 0.06 4.59
TX B 3.01 4.55
STLD B 1.20 4.55
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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 58.13
52 Week Low 21.09
Average Volume 95,473
200-Day Moving Average 39.92
50-Day Moving Average 52.17
20-Day Moving Average 54.89
10-Day Moving Average 56.52
Average True Range 1.30
ADX 16.29
+DI 32.81
-DI 19.61
Chandelier Exit (Long, 3 ATRs ) 54.23
Chandelier Exit (Short, 3 ATRs ) 53.75
Upper Bollinger Band 59.21
Lower Bollinger Band 50.57
Percent B (%b) 0.86
BandWidth 15.74
MACD Line 1.47
MACD Signal Line 1.38
MACD Histogram 0.0856
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 59.31
Resistance 3 (R3) 59.19 58.65 59.09
Resistance 2 (R2) 58.65 58.32 58.70 59.02
Resistance 1 (R1) 58.33 58.11 58.49 58.44 58.95
Pivot Point 57.78 57.78 57.86 57.84 57.78
Support 1 (S1) 57.47 57.45 57.63 57.58 57.07
Support 2 (S2) 56.92 57.25 56.98 57.00
Support 3 (S3) 56.60 56.92 56.93
Support 4 (S4) 56.71