Technical Analysis for SLX - Market Vectors Steel Index ETF Fund

Grade Last Price % Change Price Change
grade D 46.41 -2.21% -1.05
SLX closed down 2.21 percent on Tuesday, June 19, 2018, on 40 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Flat Down Down
See historical SLX trend table...

Date Alert Name Type % Chg
Jun 19 200 DMA Support Bullish 0.00%
Jun 19 Hammer Candlestick Bullish 0.00%
Jun 19 Lower Bollinger Band Walk Weakness 0.00%
Jun 19 Stochastic Reached Oversold Weakness 0.00%
Jun 19 Below Lower BB Weakness 0.00%
Jun 19 Oversold Stochastic Weakness 0.00%
Jun 18 Lower Bollinger Band Touch Weakness -2.21%
Jun 15 Down 3 Days in a Row Weakness -2.01%
Jun 15 Gapped Down Weakness -2.01%
Jun 15 Lower Bollinger Band Touch Weakness -2.01%

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: 0 bullish, 2 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 35.39
Average Volume 51,312
200-Day Moving Average 46.291
50-Day Moving Average 48.8394
20-Day Moving Average 48.642
10-Day Moving Average 48.501
Average True Range 1.0151
ADX 17.93
+DI 15.83
-DI 39.76
Chandelier Exit (Long, 3 ATRs ) 48.2547
Chandelier Exit (Short, 3 ATRs ) 48.5653
Upper Bollinger Band 50.6023
Lower Bollinger Band 46.6817
Percent B (%b) -0.07
BandWidth 8.060113
MACD Line -0.4065
MACD Signal Line -0.1252
MACD Histogram -0.2813
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 47.90
Resistance 3 (R3) 47.77 47.14 47.65
Resistance 2 (R2) 47.14 46.76 47.21 47.57
Resistance 1 (R1) 46.78 46.53 46.96 46.91 47.49
Pivot Point 46.15 46.15 46.24 46.21 46.15
Support 1 (S1) 45.78 45.77 45.97 45.91 45.33
Support 2 (S2) 45.15 45.53 45.22 45.25
Support 3 (S3) 44.79 45.15 45.17
Support 4 (S4) 44.92