VANECK OIL SERVICES ETF (OIH) Stock Technical Analysis
USA - NYSEARCA:OIH - US92189H6071 - ETF
257.08 USD
-5.82 (-2.21%)
257.08 USD
0 (0%)
Taking everything into account, OIH scores 5 out of 10 in our technical rating. In the last year, OIH was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
77% of all other stocks performed better in the past year than OIH.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
OIH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OIH is lagging the market.
In the last month OIH has a been trading in the 249.96 - 270.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OIH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 254.51, a Stop Loss order could be placed below this zone.
More info and screens
225.37
270.70
When analyzing the support we can see 4 important areas.
- A support zone ranging from 251.79 to 254.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @241.43 from a trend line in the daily time frame.
- A support zone ranging from 232.86 to 233.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @227.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 260.76 to 268.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for OIH is neutral. |
| ChartMill Relative Strength | 23.5 | NEGATIVE | OIH has a low relative strength, it was outperformed by 76.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OIH is below a declining 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) | DOWN | MIXED | The current price of OIH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.98 | NEUTRAL | The RSI value for OIH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.81 | NEGATIVE | The MACD value suggests OIH has a negative trend. |
| Stochastics (14,3) | 55.95 | NEUTRAL | The Stochastics value for OIH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for OIH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.93 | NEGATIVE | The low ADX value for OIH suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
257.08
-5.82 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.21%
1 Week-1.2%
2 Weeks-2.34%
1 Month-1.19%
3 Month1.92%
6 Month22.25%
12 Month-13.62%
2 Year-20.75%
3 Year-13.93%
5 Year168.72%
10 Year-57.95%
15 Year-67.65%
Volatility
ATR(14)7.09
ATR(20)%2.69%
ATR Inc6.58%
Range Today10.26
ADR(20)6.29
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.5
Mansfield-1.04
10 Day High270.27
10 Day Low255.06
20 Day High270.27
20 Day Low249.96
52 Week High311.28
52 Week Low191.21
CS1 End254.51
CR1 Start260.76
Volume & EV
DER(3)-2.14%
DER(5)-1.66%
Volume297.04K
Volume Incr-30.75%
Vol(5)294.19K
Vol(50)391.45K