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The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MarketVector™ Global Steel Index... Show more

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Sep 21, 2026

Momentum Indicator for SLX turns negative, indicating new downward trend

SLX saw its Momentum Indicator move below the 0 level on September 11, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned negative. In 67 of the 76 cases, the stock moved further down in the following days. The odds of a decline are at 88%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for SLX turned negative on September 10, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In 36 of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at 84%.

SLX moved below its 50-day moving average on September 18, 2026 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SLX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 80%.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +0.31% 3-day Advance, the price is estimated to grow further. Considering data from situations where SLX advanced for three days, in 313 of 350 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.

SLX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In 293 of 329 cases where SLX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.

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published Highlights

Notable companies

The most notable companies in this group are BHP Group Limited (NYSE:BHP), Vale SA (NYSE:VALE), Nucor Corp (NYSE:NUE), ArcelorMittal (NYSE:MT), Cleveland-Cliffs (NYSE:CLF).

Industry description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MarketVector™ Global Steel Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The steel index is a modified market-capitalization weighted, float-adjusted index comprised of publicly traded companies primarily involved in mining and processing of iron ore, the production, processing, fabrication and recycling of steel products, the operation of steel production facilities and related services, and/or recycling of steel products. The fund is non-diversified.

Market Cap

The average market capitalization across the VanEck Steel ETF (SLX) ETF is 30.94B. The market cap for tickers in the group ranges from 1.51B to 220.79B. BHP holds the highest valuation in this group at 220.79B. The lowest valued company is SID at 1.51B.

High and low price notable news

The average weekly price growth across all stocks in the VanEck Steel ETF (SLX) ETF was 8%. For the same ETF, the average monthly price growth was 21%, and the average quarterly price growth was 53%. CLF experienced the highest price growth at 4%, while NUE experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the VanEck Steel ETF (SLX) ETF was -23%. For the same stocks of the ETF, the average monthly volume growth was -24% and the average quarterly volume growth was -41%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 28
P/E Growth Rating: 29
Price Growth Rating: 45
SMR Rating: 75
Profit Risk Rating: 51
Seasonality Score: -5 (-100 ... +100)
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Momentum Indicator for SLX turns negative, indicating new downward trend