SLX

Technical Sentiment Analysis for VanEck Steel ETF (SLX) As of 2026-02-12, VanEck Steel ETF (SLX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 8 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SLX stands at 63.79, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 3.18, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 88.28 and the Commodity Channel Index (CCI) at 129.95 further confirm a 2.77 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SLX is trading above its 60-day moving average of $87.85 and above its 200-day long-term moving average of $75.22. Key price levels to watch include the immediate resistance at $103.06 and strong support at $92.98. A break above $103.06 could signal a bull continuation, while falling below $92.98 may test the next Fibonacci floor at $87.92.