


Technical Sentiment Analysis for VanEck Steel ETF (SLX). As of 2026-07-07, VanEck Steel ETF (SLX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 4 indicators are flashing buy, while 9 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SLX stands at 37.57, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -2.4, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 12.6 and the Commodity Channel Index (CCI) at -81.93 further confirm a -6.6 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SLX is trading above its 60-day moving average of $104.75 and above its 200-day long-term moving average of $91.48. Key price levels to watch include the immediate resistance at $102.35 and strong support at $96.57. A break above $102.35 could signal a bull continuation, while falling below $96.57 may test the next Fibonacci floor at $93.82.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 90.79 | 93.82 | 96.57 | 99.6 | 102.35 | 105.38 | 108.13 |
| Fibonacci | 93.82 | 96.03 | 97.4 | 99.6 | 101.81 | 103.18 | 105.38 |
2026-07-07
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 37.57 |
| Stochastic Oscillator | 12.6 |
| Stochastic RSI | 8.43 |
| Commodity Channel Index (CCI) | -81.93 |
| Awesome Oscillator | -7.22 |
| Momentum | -6.6 |
| MACD | -2.4 |
2026-07-07
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 98.35 | Sell |
| 10-Day | 99.31 | Sell |
| 20-Day | 103.46 | Sell |
| 60-Day | 104.75 | Sell |
| 200-Day | 91.48 | Buy |
| 250-Day | 87.25 | Buy |