SLX VanEck Steel ETF Forecast, Technical & Fundamental Analysis
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE® Arca Steel Index™... Show more
Momentum Indicator for SLX turns negative, indicating new downward trend
SLX saw its Momentum Indicator move below the 0 level on March 28, 2025. 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 82 similar instances where the indicator turned negative. In of the 82 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for SLX turned negative on March 28, 2025. 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
SLX moved below its 50-day moving average on March 28, 2025 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 of 62 cases within the following month. The odds of a continued downward trend are .
SLX broke above its upper Bollinger Band on March 14, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SLX advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category NaturalResources
SLX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SLX has been closely correlated with VAW. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if SLX jumps, then VAW could also see price increases.