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Oil Services Vaneck ETF (OIH-N)
NYSEARCA:OIH
304.60
6.95
(2.33%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 1 opinions in the last 12 months.
According to experts, the no. 1 oil stocks in Canada, including the Oil Services Vaneck ETF (OIH-N), have been overlooked. There is a positive sentiment about a potential breakout from the current base, with anticipation that the stocks will eventually break out from the bottom. This ETF also includes ownership of oil producers such as Suncor, making it a longer-term holding option for investors who believe in the uptrend of oil stocks.
$304.720
Owned
Most Canadians are very exposed to oil. This is an interesting spin because it is the oil service companies and not the producers. You can get broader exposure through others in Canada.
(Past Top Pick March 27, 2018, Up 7%) A direct oil play. The oil price has done better than expected, but it's frustrating to get the commodity call right, but the stocks don't rise accordingly.
(Past Top Pick, Feb.15, 2018, Up 4%) Oil did a lot better than he expected, but he's disappointed that this ETF hasn't reflected that lift. Energy stocks are still out of favour, because investors are buying FANG stocks instead.
An oil services ETF. 35% of this is Haliburton and Slumberger. With oil above $60, a lot of money is going back into the ground, more so in the U.S. than Canada. Valuations are low in the mid-20s.
At $60 plus for oil you get a lot of investment going back into the ground. It is trading at the low end of the historical range. It should get a bigger boost going forward.
This tends to move from around mid-December through until April. Technically, the stock is showing a nice base pattern already. If it moves above its pattern, it will be a classic reverse head and shoulders pattern. Thinks that $26.27 is the magic number, and a move above that will complete the pattern.
Oil Services Vaneck ETF(OIH-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Oil Services Vaneck ETF(OIH-N) Frequently Asked Questions
What is Oil Services Vaneck ETF stock symbol?
Oil Services Vaneck ETF is a American stock, trading under the symbol OIH-N on the NYSE Arca (OIH). It is usually referred to as AMEX:OIH or OIH-N
Is Oil Services Vaneck ETF a buy or a sell?
In the last year, there was no coverage of Oil Services Vaneck ETF published on Stockchase.
Is Oil Services Vaneck ETF a good investment or a top pick?
Oil Services Vaneck ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Oil Services Vaneck ETF.
Why is Oil Services Vaneck ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Oil Services Vaneck ETF worth watching?
0 stock analysts on Stockchase covered Oil Services Vaneck ETF In the last year. It is a trending stock that is worth watching.
What is Oil Services Vaneck ETF stock price?
On 2024-11-21, Oil Services Vaneck ETF (OIH-N) stock closed at a price of $304.6.
Oil stocks in Canada have been overlooked. There is a bit of a base going on and they are breaking out from that base. Eventually they will break out from the bottom. If you think oil stocks are going up this has been a bit of a laggard. They also own some oil producers including Suncor. It is a longer term holding.