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Technical Sentiment Analysis for VanEck Steel ETF (SLX). As of 2026-03-04, VanEck Steel ETF (SLX) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 7 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 45.23, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 1.22, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 40.2 and the Commodity Channel Index (CCI) at -129.74 further confirm a -2.85 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SLX is trading above its 60-day moving average of $92.09 and above its 200-day long-term moving average of $77.63. Key price levels to watch include the immediate resistance at $103.1 and strong support at $94.17. A break above $103.1 could signal a bull continuation, while falling below $94.17 may test the next Fibonacci floor at $89.07.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 85.24 | 89.07 | 94.17 | 98 | 103.1 | 106.93 | 112.03 |
| Fibonacci | 89.07 | 92.48 | 94.58 | 98 | 101.41 | 103.51 | 106.93 |
2026-03-04
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 45.23 |
| Stochastic Oscillator | 40.2 |
| Stochastic RSI | 54.42 |
| Commodity Channel Index (CCI) | -129.74 |
| Awesome Oscillator | 1.43 |
| Momentum | -2.85 |
| MACD | 1.22 |
2026-03-04
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 98.77 | Sell |
| 10-Day | 99.28 | Sell |
| 20-Day | 99.09 | Sell |
| 60-Day | 92.09 | Buy |
| 200-Day | 77.63 | Buy |
| 250-Day | 74.22 | Buy |