SLX Stock Summary and Trading Ideas (Vaneck Steel ETF | ARCA:SLX)

The Steel ETF seeks to replicate as closely as possible before fees and expenses the price and yield performance of the NYSE Arca Steel Index.

Vaneck Steel ETF trades on the ARCA stock market under the symbol SLX.

As of April 24, 2024, SLX stock price declined to $69.36 with 9,628 million shares trading.

SLX has a market cap of $107.51 million. This is considered a Micro Cap stock.

In the last 3 years, SLX stock traded as high as $75.00 and as low as $46.17.

SLX has underperformed the market in the last year with a price return of +19.3% while the SPY ETF gained +24.2%. SLX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and -5.7%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

SLX support price is $68.81 and resistance is $70.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLX stock will trade within this expected range on the day.