


Technical Sentiment Analysis for VanEck Steel ETF (SLX). As of 2026-07-07, VanEck Steel ETF (SLX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SLX stands at 38.02, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -2.38, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 13.15 and the Commodity Channel Index (CCI) at -81.46 further confirm a -6.35 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SLX is trading above its 60-day moving average of $104.76 and above its 200-day long-term moving average of $91.49. Key price levels to watch include the immediate resistance at $102.36 and strong support at $96.58. A break above $102.36 could signal a bull continuation, while falling below $96.58 may test the next Fibonacci floor at $93.83.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 90.8 | 93.83 | 96.58 | 99.61 | 102.36 | 105.39 | 108.14 |
| Fibonacci | 93.83 | 96.04 | 97.4 | 99.61 | 101.82 | 103.18 | 105.39 |
2026-07-07
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 38.02 |
| Stochastic Oscillator | 13.15 |
| Stochastic RSI | 8.61 |
| Commodity Channel Index (CCI) | -81.46 |
| Awesome Oscillator | -7.24 |
| Momentum | -6.35 |
| MACD | -2.38 |
2026-07-07
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 98.4 | Buy |
| 10-Day | 99.34 | Sell |
| 20-Day | 103.47 | Sell |
| 60-Day | 104.76 | Sell |
| 200-Day | 91.49 | Buy |
| 250-Day | 87.25 | Buy |