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SLX
ETF ticker: NYSE ARCA
AS OF
Apr 25 closing price
Price
$60.16
Change
-$0.29 (-0.48%)
Net Assets
70.77M

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

SLX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for SLX with price predictions
Apr 25, 2025

SLX's RSI Oscillator ascending out of oversold territory

The RSI Oscillator for SLX moved out of oversold territory on April 09, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In of the 20 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 21, 2025. You may want to consider a long position or call options on SLX as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SLX just turned positive on April 22, 2025. Looking at past instances where SLX's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SLX advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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.

The 10-day moving average for SLX crossed bearishly below the 50-day moving average on April 03, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 April 24, 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.

The Aroon Indicator for SLX entered a downward trend on April 16, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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SLX
Daily Signalchanged days ago
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A.I. Advisor
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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 85% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SLX
1D Price
Change %
SLX100%
-0.48%
VAW - SLX
85%
Closely correlated
-0.64%
XLB - SLX
82%
Closely correlated
-0.74%
GNR - SLX
78%
Closely correlated
-0.29%
GUNR - SLX
74%
Closely correlated
-0.50%
CUT - SLX
64%
Loosely correlated
-0.74%
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