SLX
ETFs ticker:
NYSE
NYSE
Intraday data for
Sep 27, closing price
Price
$56.76
Change
+$0.95 (+1.70%)
Net Assets
$200m
VanEck Steel ETF (SLX) ETF Forecast, Price, News, Quote
Category @NaturalResources
ETFs ticker: NYSE
SLX
AS OF
Sep 27, closing price
Price
$56.76
Change
+$0.95 (+1.70%)
Net Assets
$200m
VanEck Steel ETF (SLX) ETF Forecast, Price, News, Quote
ETF market charts, analyst ratings and a financial calendar
Category @NaturalResourcesA.I.dvisor
published Commentaries
3:00 PM EDT Sep 27
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SLX: Weekly Commentary
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AI Screener Basics
AI Screener FA & TA
| Technical Analysis | # Of Indicators | Avg. Odds |
|---|---|---|
| Bullish trend | | |
| Bearish trend | | |
| Bearish trend | | |
| Bullish trend | |
| Fundamental Analysis | (1 - best, 100 - worst) |
|---|
A.I.dvisor
published a Summary for SLX
4:00 PM EDT Sep 27
SLX in downward trend: price dove below 50-day moving average on August 31, 2021
SLX moved below its 50-day Moving Average on August 31, 2021 date and that indicates a change from an upward trend to a downward trend. In
Current price $56.76 is below $65.70 the lowest support line found by A.I. Throughout the month of 08/25/21 - 09/27/21, the price experienced a -10% Downtrend, while the week of 09/20/21 - 09/27/21 shows a +4% Uptrend.
Technical Analysis, Outlook READ MORE...
Signals about SLX
Portfolio alert
09/24/21
published Bullish Signal
09/24/21
VanEck Steel ETF (SLX, $56.31) RSI Indicator left the oversold zone on September 23, 2021
This is a signal that SLX's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. A.I.dvisor looked back and found 24 similar cases where SLX's RSI Indicator left the oversold zone, and in
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Portfolio alert
09/18/21
published Bullish Signal
09/18/21
VanEck Steel ETF (SLX, $57.26) RSI Indicator left the oversold zone on September 17, 2021
This is a signal that SLX's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. A.I.dvisor looked back and found 24 similar cases where SLX's RSI Indicator left the oversold zone, and in
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Portfolio alert
09/09/21
published Bearish Signal
09/09/21
VanEck Vectors Steel ETF (SLX, $61.02) entered Downtrend as Momentum indicator drops below 0 level on Sep 08, 2021
This indicator may be signaling that SLX's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 76 similar cases where SLX's Momentum Indicator fell below the 0 level, and
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Portfolio alert
09/03/21
published Bullish Signal
09/03/21
VanEck Vectors Steel ETF (SLX, $62.61) entered Uptrend as Momentum indicator ascends above 0 level on Sep 02, 2021
This indicator may be signaling that SLX's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 77 similar cases where SLX's Momentum Indicator exceeded 0, and
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Portfolio alert
08/28/21
published Bullish Signal
08/28/21
VanEck Vectors Steel ETF (SLX, $63.78) price moved above its 50-day Moving Average on August 27, 2021
This price move could indicate a change in the trend, and may be a buy signal for investors. A.I.dvisor found 36 similar cases, and
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Portfolio alert
08/25/21
published Bullish Signal
08/25/21
VanEck Vectors Steel ETF (SLX, $63.29) price moved above its 50-day Moving Average on August 24, 2021
This price move could indicate a change in the trend, and may be a buy signal for investors. A.I.dvisor found 35 similar cases, and
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Portfolio alert
08/21/21
published Bullish Signal
08/21/21
VanEck Vectors Steel ETF (SLX, $60.44) Aroon Indicator entered an Uptrend on August 20, 2021.
Over the last three days, A.I.dvisor has detected that SLX's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 293 similar cases,
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Portfolio alert
08/20/21
published Bullish Signal
08/20/21
VanEck Vectors Steel ETF (SLX, $60.58) Aroon Indicator entered an Uptrend on August 19, 2021.
Over the last three days, A.I.dvisor has detected that SLX's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 293 similar cases,
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Portfolio alert
08/20/21
published Bullish Signal
08/20/21
VanEck Vectors Steel ETF (SLX, $60.58) price may climb as it broke lower Bollinger Band on Aug 19, 2021
This price move could be a signal that SLX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 35 similar cases where SLX's price broke its lower Bollinger Band, and
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Portfolio alert
08/19/21
published Bearish Signal
08/19/21
VanEck Vectors Steel ETF (SLX, $63.27) Moving Average Convergence Divergence (MACD) Histogram turned negative on August 18, 2021
This is a Bearish indicator signaling SLX's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 43 similar cases where SLX's MACD histogram became negative, and
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Portfolio alert
08/19/21
published Bullish Signal
08/19/21
VanEck Vectors Steel ETF (SLX, $63.27) Aroon Indicator entered an Uptrend on August 18, 2021.
Over the last three days, A.I.dvisor has detected that SLX's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 293 similar cases,
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More...
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Portfolio alert
08/18/21
published Bullish Signal
08/18/21
VanEck Vectors Steel ETF (SLX, $64.01) Aroon Indicator entered an Uptrend on August 17, 2021.
Over the last three days, A.I.dvisor has detected that SLX's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 293 similar cases,
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More...
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Portfolio alert
08/18/21
published Bearish Signal
08/18/21
VanEck Vectors Steel ETF (SLX, $64.01) entered Downtrend as Momentum indicator drops below 0 level on Aug 17, 2021
This indicator may be signaling that SLX's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 76 similar cases where SLX's Momentum Indicator fell below the 0 level, and
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Portfolio alert
08/17/21
published Bullish Signal
08/17/21
VanEck Vectors Steel ETF (SLX, $65.98) Aroon Indicator entered an Uptrend on August 16, 2021.
Over the last three days, A.I.dvisor has detected that SLX's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 293 similar cases,
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Portfolio alert
08/12/21
published Bearish Signal
08/12/21
VanEck Vectors Steel ETF (SLX, $67.48) price may drop as it broke higher Bollinger Band on Aug 11, 2021
This price move could be a signal that SLX may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 46 similar cases where SLX's price broke its higher Bollinger Band, and
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Portfolio alert
08/12/21
published Bearish Signal
08/12/21
VanEck Vectors Steel ETF (SLX, $67.48) Stochastic Oscillator left the overbought zone on August 11, 2021
This is a signal that SLX's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. A.I.dvisor identified 63 similar cases where SLX's stochastic oscillator exited the overbought zone, and
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Portfolio alert
07/30/21
published Bearish Signal
07/30/21
VanEck Vectors Steel ETF (SLX, $66.12) price may drop as it broke higher Bollinger Band on Jul 29, 2021
This price move could be a signal that SLX may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 46 similar cases where SLX's price broke its higher Bollinger Band, and
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Portfolio alert
07/27/21
published Bearish Signal
07/27/21
VanEck Vectors Steel ETF (SLX, $63.77) Stochastic Oscillator left the overbought zone on July 26, 2021
This is a signal that SLX's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. A.I.dvisor identified 62 similar cases where SLX's stochastic oscillator exited the overbought zone, and
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Portfolio alert
07/27/21
published Bullish Signal
07/27/21
VanEck Vectors Steel ETF (SLX, $63.77) price moved above its 50-day Moving Average on July 26, 2021
This price move could indicate a change in the trend, and may be a buy signal for investors. A.I.dvisor found 35 similar cases, and
LESS
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Portfolio alert
07/27/21
published Bullish Signal
07/27/21
VanEck Vectors Steel ETF (SLX, $63.77) entered Uptrend as Momentum indicator ascends above 0 level on Jul 26, 2021
This indicator may be signaling that SLX's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 76 similar cases where SLX's Momentum Indicator exceeded 0, and
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ETF description
SLX tracks a market-cap-weighted index of global steel firms.
Market Cap
's Market Caps
The average market capitalization across the VanEck Steel ETF ETF is 13.1B. The market cap for tickers in the group ranges from 76.4M to 84.3B. RIO holds the highest valuation in this group at 84.3B. The lowest valued company is ZKIN at 76.4M.
High and low price notable news
's high and low price movers
The average weekly price growth across all stocks in the VanEck Steel ETF ETF was 3.73%. For the same ETF, the average monthly price growth was -11.01%, and the average quarterly price growth was 1.72%. RYI experienced the highest price growth at 10.94%, while VEDL experienced the biggest fall at -2.25%.
Volume
's volume movers
The average weekly volume growth across all stocks in the VanEck Steel ETF ETF was -33.96%. For the same stocks of the ETF, the average monthly volume growth was 89.02% and the average quarterly volume growth was -33.05%
Fundamental Analysis Ratings
's Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating:
P/E Growth Rating:
Price Growth Rating:
SMR Rating:
Profit Risk Rating:
Seasonality Score: 9 (-100 ... +100)
A.I.dvisor
published a Pattern (end of day)
SLX Holdings
Correlation & Price change
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| TICKER / NAME | CORRELATION TO SLX | 1D PRICE CHANGE % | ||
|---|---|---|---|---|
| SLX | 100% | | ||
| MT ArcelorMittal - New York Shares - Level III | 83% Closely correlated | | ||
| RIO Rio Tinto plc - ADR | 83% Closely correlated | | ||
| RS Reliance Steel & Aluminum Co. | 80% Closely correlated | | ||
| STLD Steel Dynamics Inc. | 80% Closely correlated | | ||
| SCHN Schnitzer Steel Industries, Inc. - Ordinary Shares - Class A | 78% Closely correlated | |