Technical Analysis for SLX - Market Vectors Steel Index ETF Fund

Grade Last Price % Change Price Change
grade A 50.98 1.76% 0.88
SLX closed up 1.76 percent on Friday, February 16, 2018, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical SLX trend table...

Date Alert Name Type % Chg
Feb 16 MACD Bullish Signal Line Cross Bullish 0.00%
Feb 16 New Uptrend Bullish 0.00%
Feb 16 New 52 Week High Strength 0.00%
Feb 16 Stochastic Reached Overbought Strength 0.00%
Feb 16 Multiple of Ten Bullish Other 0.00%
Feb 16 Outside Day Range Expansion 0.00%
Feb 16 Wide Bands Range Expansion 0.00%
Feb 16 Overbought Stochastic Strength 0.00%
Feb 16 Up 3 Days in a Row Strength 0.00%
Feb 16 Up 4 Days in a Row Strength 0.00%

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: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 51.52
52 Week Low 35.03
Average Volume 84,229
200-Day Moving Average 42.2277
50-Day Moving Average 47.552
20-Day Moving Average 48.947
10-Day Moving Average 47.875
Average True Range 1.3389
ADX 31.88
+DI 29.6
-DI 25.87
Chandelier Exit (Long, 3 ATRs ) 47.5033
Chandelier Exit (Short, 3 ATRs ) 48.4367
Upper Bollinger Band 52.5021
Lower Bollinger Band 45.3919
Percent B (%b) 0.79
BandWidth 14.526324
MACD Line 0.274
MACD Signal Line 0.1338
MACD Histogram 0.1402
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.01
Resistance 3 (R3) 53.85 52.69 53.51
Resistance 2 (R2) 52.69 51.92 52.77 53.34
Resistance 1 (R1) 51.83 51.44 52.26 51.99 53.17
Pivot Point 50.67 50.67 50.88 50.75 50.67
Support 1 (S1) 49.81 49.90 50.24 49.97 48.79
Support 2 (S2) 48.65 49.42 48.73 48.62
Support 3 (S3) 47.79 48.65 48.46
Support 4 (S4) 47.95