VANECK VECTORS OIL SERVICES ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for VANECK VECTORS OIL SERVICES
(Updated on Apr 26, 2024)
The VANECK VECTORS OIL SERVICES ETF price fell by -0.0644% on the last day (Friday, 26th Apr 2024) from $326.16 to $325.95. During the last trading day the ETF fluctuated 1.46% from a day low at $322.89 to a day high of $327.59. The price has fallen in 7 of the last 10 days and is down by -2.46% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -193 thousand shares and in total, 203 thousand shares were bought and sold for approximately $66.21 million.
Given the current short-term trend, the ETF is expected to rise 18.20% during the next 3 months and, with a 90% probability hold a price between $385.27 and $428.90 at the end of this 3-month period.
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OIH Signals & Forecast
There are mixed signals in the ETF today. The VANECK VECTORS OIL SERVICES ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $330.71. On a fall, the ETF will find some support from the short-term average at $324.53. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -6.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 $4.70 between high and low, or 1.46%. For the last week, the ETF has had daily average volatility of 2.18%.
VANECK VECTORS OIL SERVICES is oversold on RSI14 (24). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OIH) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect VANECK VECTORS OIL SERVICES ETF to open at $325.47, and during the day (based on 14 day Average True Range), to move between $318.85 and $333.05, which gives a possible trading interval of +/-$7.10 (+/-2.18%) 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 4.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $329.50 (1.09%) than the support at $322.30 (1.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is VANECK VECTORS OIL SERVICES ETF ETF A Buy?
VANECK VECTORS OIL SERVICES holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.593 Sell Candidate Unchanged
Predicted Opening Price for VANECK VECTORS OIL SERVICES ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $325.47 ( 0.146%) | $325.95 |
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 | 330.17 | 1.30 % | |
| R2 | 328.38 | 0.745 % | ||
| R1 | 327.27 | 0.405 % | ||
| Current price: | 325.95 | |||
| Support | S1 | 323.68 | -0.697 % | |
| S2 | 322.57 | -1.04 % | ||
| S3 | 320.77 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 345.80 | 6.09 % | |
| R2 | 334.17 | 2.52 % | ||
| R1 | 329.50 | 1.09 % | ||
| Current price | 325.95 | |||
| Support | S1 | 322.30 | -1.12% | |
| S2 | 299.31 | -8.17% | ||
| S3 | 285.63 | -12.37% |
OIH Dividend Payout History
| # | 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
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