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VanEck Oil Services ETF (OIH-N)
NYSEARCA:OIH
283.08
7.14
(2.59%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 2 opinions in the last 12 months.
The VanEck Oil Services ETF (OIH) is currently facing significant resistance levels, with an expert indicating that it is at one of these resistance points. A second level of resistance is noted to be around $350. The recommendation from the first expert is cautionary for new investors, suggesting it's not ideal for new money. The second expert recognizes a downtrend but mentions that there is major support coming soon and points toward a favorable seasonal period for oil from now until May and June. They are gradually investing due to the anticipated support and the potential for trading opportunities in the oil sector as spring approaches. Overall, there is a mixed sentiment regarding the ETF's immediate prospects, reflecting both caution and opportunity based on market conditions.
$303.605
Owned
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.
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.
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VanEck Oil Services ETF(OIH-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
VanEck Oil Services ETF(OIH-N) Frequently Asked Questions
What is VanEck Oil Services ETF stock symbol?
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
Is VanEck Oil Services ETF a buy or a sell?
In the last year, 2 stock analysts published opinions about OIH-N. 2 analysts 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.
Is VanEck Oil Services ETF a good investment or a top pick?
VanEck Oil Services ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for VanEck Oil Services ETF.
Why is VanEck Oil Services 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 VanEck Oil Services ETF worth watching?
2 stock analysts on Stockchase covered VanEck Oil Services ETF In the last year. It is a trending stock that is worth watching.
What is VanEck Oil Services ETF stock price?
On 2025-02-04, VanEck Oil Services ETF (OIH-N) stock closed at a price of $283.08.
(Note the short timeframe.)
There are 2 levels of resistance, and we're at one right now. Next one is up around $350. He's the timing guy, so he has to decide if he wants to hold past this current resistance levels. He'll talk to his fundamental strategist about that. It's definitely not for new money.