Momentum Indicator for OIH turns positive, indicating new upward trend
OIH saw its Momentum Indicator move above the 0 level on January 02, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 79 similar instances where the indicator turned positive. In of the 79 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where OIH's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for OIH just turned positive on January 02, 2025. Looking at past instances where OIH's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OIH advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
OIH moved below its 50-day moving average on January 08, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OIH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for OIH entered a downward trend on January 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Energy
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SPRVX | 65.78 | 0.54 | +0.83% |
| Sprucegrove International Eq Inv | |||
| FLVCX | 40.44 | 0.33 | +0.82% |
| Fidelity Leveraged Company Stock | |||
| VEXMX | 149.94 | 1.00 | +0.67% |
| Vanguard Extended Market Index Investor | |||
| LCBDX | 25.56 | 0.14 | +0.55% |
| ClearBridge Tactical Dividend Income IS | |||
| BCSIX | 51.41 | 0.13 | +0.25% |
| Brown Capital Mgmt Small Co Inv | |||
OIH and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, OIH has been closely correlated with IEZ. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if OIH jumps, then IEZ could also see price increases.