We assign a technical rating of 9 out of 10 to OIH. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OIH is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- OIH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month OIH has a been trading in the 280.19 - 329.82 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, OIH did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
Although OIH has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
254.93
We found 5 important support areas.
- A support zone ranging from 291.84 to 295.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 281.51 to 281.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @274.41 from a horizontal line in the daily time frame.
- Support @266.39 from a trend line in the daily time frame.
- Support @257.50 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OIH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OIH is up. |
| ChartMill Relative Strength | 80.34 | POSITIVE | OIH has a high relative strength, it outperformed 80.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OIH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OIH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OIH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.72 | NEUTRAL | The RSI value for OIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.94 | POSITIVE | The MACD value suggests OIH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.39 | OVERBOUGHT | The high Stochastics value suggests OIH may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for OIH suggests some volalility. |
| Average Directional Index/ADX (14) | 30.88 | POSITIVE | The high ADX value value for OIH suggests a strong trend. |
326.59
-0.53 (-0.16%)
VANECK OIL SERVICES ETF / OIH FAQ
What is the ChartMill technical rating of VANECK OIL SERVICES ETF (OIH) stock?
ChartMill assigns a technical rating of 9 / 10 to OIH.
Can you provide the trend direction for VANECK OIL SERVICES ETF?
The current trend direction for VANECK OIL SERVICES ETF (OIH) is Bullish.
What is the RSI signal for VANECK OIL SERVICES ETF (OIH) stock?
VANECK OIL SERVICES ETF (OIH) has an RSI value of 69.7186. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VANECK OIL SERVICES ETF?
The MACD indicator for VANECK OIL SERVICES ETF (OIH) has a value of 2.94081, indicating a bullish trend.
Can you provide the support and resistance levels for VANECK OIL SERVICES ETF?
VANECK OIL SERVICES ETF (OIH) has a support level at 295.09. Check the full technical report for our detailed analysis of OIH support and resistance levels.