Technical Analysis for SLX - Market Vectors Steel Index ETF Fund

Grade Last Price % Change Price Change
grade F 38.49 0.34% 0.13
SLX closed up 0.34 percent on Thursday, December 13, 2018, on 38 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical SLX trend table...

Date Alert Name Type % Chg
Dec 13 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Dec 13 Narrow Range Bar Range Contraction 0.00%
Dec 13 NR7 Range Contraction 0.00%
Dec 13 NR7-2 Range Contraction 0.00%
Dec 13 Inside Day Range Contraction 0.00%
Dec 13 Up 3 Days in a Row Strength 0.00%
Dec 13 Oversold Stochastic Weakness 0.00%
Dec 12 NR7 Range Contraction 0.34%
Dec 12 Oversold Stochastic Weakness 0.34%
Dec 11 Slingshot Bearish Bearish Swing Setup 1.16%

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, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 51.92
52 Week Low 37.54
Average Volume 27,287
200-Day Moving Average 45.6914
50-Day Moving Average 42.2858
20-Day Moving Average 40.277
10-Day Moving Average 39.266
Average True Range 1.0467
ADX 28.66
+DI 19.9806
-DI 37.4217
Chandelier Exit (Long, 3 ATRs ) 40.2899
Chandelier Exit (Short, 3 ATRs ) 40.6801
Upper Bollinger Band 43.5465
Lower Bollinger Band 37.0075
Percent B (%b) 0.23
BandWidth 16.235072
MACD Line -1.1936
MACD Signal Line -1.0534
MACD Histogram -0.1402
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.03
Resistance 3 (R3) 39.06 38.92 38.94
Resistance 2 (R2) 38.92 38.78 38.90 38.91
Resistance 1 (R1) 38.70 38.69 38.63 38.67 38.88
Pivot Point 38.56 38.56 38.52 38.54 38.56
Support 1 (S1) 38.34 38.42 38.27 38.31 38.10
Support 2 (S2) 38.20 38.33 38.18 38.07
Support 3 (S3) 37.98 38.20 38.04
Support 4 (S4) 37.95