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OIH
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
2.26B

OIH VanEck Oil Services ETF Forecast, Technical & Fundamental Analysis

Category Energy
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for OIH with price predictions
07:00 PM EST Nov 26, 2023

OIH's Indicator enters downward trend

The Aroon Indicator for OIH entered a downward trend on November 27, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 217 similar instances where the Aroon Indicator formed such a pattern. In of the 217 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 27, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on OIH as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for OIH crossed bearishly below the 50-day moving average on October 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where OIH's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where OIH's Stochastic Oscillator exited the oversold zone 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 November 27, 2023. Looking at past instances where OIH's MACD turned positive, the stock continued to rise in of 37 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 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

OIH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Transocean Ltd (NYSE:RIG), Valaris Limited (NYSE:VAL).

Industry description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Listed Oil Services 25 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the oil services segment. Such companies may include small- and medium-capitalization companies and foreign companies that are listed on a U.S. exchange. The fund is non-diversified.

Market Cap

The average market capitalization across the VanEck Oil Services ETF ETF is 13.69B. The market cap for tickers in the group ranges from 765.87M to 75.14B. SLB holds the highest valuation in this group at 75.14B. The lowest valued company is WTTR at 765.87M.

High and low price notable news

The average weekly price growth across all stocks in the VanEck Oil Services ETF ETF was 4%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was 58%. VAL experienced the highest price growth at 3%, while NBR experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the VanEck Oil Services ETF ETF was -8%. For the same stocks of the ETF, the average monthly volume growth was -22% and the average quarterly volume growth was -53%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 81
Price Growth Rating: 54
SMR Rating: 59
Profit Risk Rating: 81
Seasonality Score: 0 (-100 ... +100)
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published General Information

General Information

Category Energy

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OIH and

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 100% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OIH
1D Price
Change %
OIH100%
-0.67%
IEZ - OIH
100%
Closely correlated
-0.64%
XES - OIH
99%
Closely correlated
-0.99%
PXJ - OIH
97%
Closely correlated
-0.75%
PSCE - OIH
93%
Closely correlated
-1.01%
PXI - OIH
92%
Closely correlated
-0.20%
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