SLX VanEck Steel ETF Forecast, Technical & Fundamental Analysis
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE® Arca Steel Index™... Show more
Momentum Indicator for SLX turns positive, indicating new upward trend
SLX saw its Momentum Indicator move above the 0 level on November 25, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SLX just turned positive on November 26, 2025. Looking at past instances where SLX's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SLX advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 289 cases where SLX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SLX moved out of overbought territory on October 30, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SLX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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General Information
Category NaturalResources
SLX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SLX has been closely correlated with XME. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if SLX jumps, then XME could also see price increases.