This summary was created by AI, based on 2 opinions in the last 12 months.
The experts agree that the VanEck Oil Services ETF (OIH-N) is currently in a downtrend but is approaching a major support level, making it an attractive opportunity for a trade into the spring. They also believe that the recovery of the economy and strong historical support levels make it a great way to get exposure to the energy sector. Despite the potential for it to get cheaper, they are slowly buying shares and have confidence in its 6-12 month trade. Overall, they see value in this ETF due to its long-term support and the positive outlook for the oil sector.
Moving into energy names with recovery of economy. Great way to get exposure to sector. Recently buying shares. Buying small amounts slowly. Strong support level the past 3-5 years. Believes oil will be good 6-12 month trade.
VanEck Oil Services 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
In the last year, 1 stock analyst published opinions about OIH-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for VanEck Oil Services ETF.
VanEck Oil Services ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for VanEck Oil Services ETF.
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.
1 stock analyst on Stockchase covered VanEck Oil Services ETF In the last year. It is a trending stock that is worth watching.
On 2024-10-04, VanEck Oil Services ETF (OIH-N) stock closed at a price of $301.9.
Downtrend, yes, but major support coming plus seasonal period from now to May/June. Might get cheaper, but he's legging in because of bigger-term support on this ETF and on the oil sector. Likes oil for a trade into the spring.