VANECK VECTORS OIL SERVICES ETF Forecast

$335.27
+4.63 (+1.40%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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VANECK VECTORS OIL SERVICES ETF price up 1.40% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 07, 2024 Gain 7.84% PDF

The VANECK VECTORS OIL SERVICES ETF price gained 1.40% on the last trading day (Wednesday, 27th Mar 2024), rising from $330.64 to $335.27. During the last trading day the ETF fluctuated 1.51% from a day low at $330.32 to a day high of $335.31. The price has risen in 8 of the last 10 days and is up by 5.29% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 195 thousand shares were bought and sold for approximately $65.53 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 10.31% during the next 3 months and, with a 90% probability hold a price between $332.62 and $379.43 at the end of this 3-month period.

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OIH Signals & Forecast

Mostly positive signals in the chart today. The VANECK VECTORS OIL SERVICES ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $332.68 and $308.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 18.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Support, Risk & Stop-loss for VANECK VECTORS OIL SERVICES ETF

VANECK VECTORS OIL SERVICES finds support from accumulated volume at $322.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $4.99 between high and low, or 1.51%. For the last week, the ETF has had daily average volatility of 1.48%.

Our recommended stop-loss: $325.61 (-2.88%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (OIH) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect VANECK VECTORS OIL SERVICES ETF to open at $333.63, and during the day (based on 14 day Average True Range), to move between $329.38 and $341.16, which gives a possible trading interval of +/-$5.89 (+/-1.76%) up or down from last closing price. If VANECK VECTORS OIL SERVICES ETF takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $322.30, some $12.97 (3.87%) from the current price of $335.27, our system finds the risk reward attractive.

Is VANECK VECTORS OIL SERVICES ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VANECK VECTORS OIL SERVICES ETF to perform well in the short-term.

Current score: 3.578 Buy Candidate Unchanged

Predicted Opening Price for VANECK VECTORS OIL SERVICES ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$333.63 ( 0.488%) $335.27

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OIH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 338.62 1.00 %
R2 336.72 0.432 %
R1 335.54 0.0804 %
Current price: 335.27
Support S1 331.73 -1.06 %
S2 330.55 -1.41 %
S3 328.64 -1.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 335.27
Support S1 322.30 -3.87%
S2 299.31 -10.73%
S3 290.22 -13.44%

OIH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 18, 2023 Dec 18, 2023 Dec 18, 2023 $4.22 1.37%
2 Jan 10, 2022 Dec 19, 2022 Dec 23, 2022 $2.89 0.96%
3 Dec 17, 2021 Dec 20, 2021 Dec 27, 2021 $1.81 0.95%
4 Jan 14, 2020 Dec 21, 2020 Dec 28, 2020 $1.89 1.24%
5 Nov 22, 2019 Dec 23, 2019 Dec 30, 2019 $5.82 2.17%

FAQ

What is the symbol for VANECK VECTORS OIL SERVICES ETF ETF and on which exchange is it traded?
The symbol for VANECK VECTORS OIL SERVICES ETF is OIH and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell VANECK VECTORS OIL SERVICES ETF ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VANECK VECTORS OIL SERVICES ETF to perform well in the short-term.

How to buy VANECK VECTORS OIL SERVICES ETF ETF?
VANECK VECTORS OIL SERVICES ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy VANECK VECTORS OIL SERVICES ETF ETF.

What's the current price of VANECK VECTORS OIL SERVICES ETF ETF?
As of the end of day on the 2024-03-27, the price of an VANECK VECTORS OIL SERVICES ETF (OIH) share was $335.27.

What is the 52-week high and low for VANECK VECTORS OIL SERVICES ETF ETF?
The 52-week high for VANECK VECTORS OIL SERVICES ETF ETF is $364.08 and the 52-week low is $246.04.

What is the market capitalization of VANECK VECTORS OIL SERVICES ETF ETF?
As of the 2024-03-27, the market capitalization of VANECK VECTORS OIL SERVICES ETF is 1.954B.
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About VANECK VECTORS OIL SERVICES ETF

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.... OIH Profile

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