


Technical Sentiment Analysis for VanEck Steel ETF (SLX). As of 2026-03-24, VanEck Steel ETF (SLX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 3 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SLX stands at 41.26, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -2.26, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 25 and the Commodity Channel Index (CCI) at -69.45 further confirm a -3.58 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SLX is trading above its 60-day moving average of $93.44 and above its 200-day long-term moving average of $79.51. Key price levels to watch include the immediate resistance at $93.51 and strong support at $84.92. A break above $93.51 could signal a bull continuation, while falling below $84.92 may test the next Fibonacci floor at $80.74.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 76.33 | 80.74 | 84.92 | 89.33 | 93.51 | 97.92 | 102.1 |
| Fibonacci | 80.74 | 84.02 | 86.04 | 89.33 | 92.61 | 94.63 | 97.92 |
2026-03-24
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 41.26 |
| Stochastic Oscillator | 25 |
| Stochastic RSI | 16.46 |
| Commodity Channel Index (CCI) | -69.45 |
| Awesome Oscillator | -7.43 |
| Momentum | -3.58 |
| MACD | -2.26 |
2026-03-24
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 87.91 | Buy |
| 10-Day | 89.11 | Sell |
| 20-Day | 92.78 | Sell |
| 60-Day | 93.44 | Sell |
| 200-Day | 79.51 | Buy |
| 250-Day | 75.74 | Buy |