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Stock Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

VanEck Steel ETF (PACF:SLX)

Bull Market Weakness (+75) - SLX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SLX as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SLX?

MarketClub looks at technical strength and momentum to determine if the timing is right for SLX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low SLX Price Change
68.7400 69.7650 68.7400 69.1950 +0.1548
Entry Signal

MarketClub’s Trade Triangles for SLX

long term up The long-term trend has been UP since Nov 30th, 2023 at 69.93

intermediate term up The intermediate-term trend has been UP since Nov 2nd, 2023 at 65.14

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 69.25

Smart Scan Analysis for SLX

Based on our trend formula, SLX is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SLX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
68.7400 69.7650 68.7400 69.1950 +0.1548
Prev. Close Volume Bid Ask Time
69.0000 3888 2023-12-08 13:47:02
Year High51.92Year High Date2018-05-17
Year Low38.4Year Low Date2018-11-28
52wk High71.552wk High Date2023-12-01
52wk Low55.1952wk Low Date2023-05-31
Year End Close48.69Average Volume12,527
Shares Outstanding1,825Assets1,611M
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