OIH Stock Summary and Trading Ideas (Vaneck Oil Service ETF | ARCA:OIH)

The Market Oil Services ETF (OIH) 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 Index is a rules-based index intended to track the overall performance of 25 of the largest U.S. listed, publicly traded oil services companies.

Vaneck Oil Service ETF trades on the ARCA stock market under the symbol OIH.

As of April 15, 2024, OIH stock price declined to $329.50 with 594,133 million shares trading.

OIH has a beta of 0.71, meaning it tends to be less sensitive to market movements. OIH has a correlation of 0.10 to the broad based SPY ETF.

OIH has a market cap of $2.17 billion. This is considered a Mid Cap stock.

In the last 3 years, OIH stock traded as high as $364.08 and as low as $164.41.

OIH stock has underperformed the market in the last year with a return of +17.4%, while SPY returned +25.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in OIH shares. However, OIH has outperformed the market in the last 3 month and 2 week periods, returning +12.9% and -2.0%, while SPY returned +6.2% and -3.6%, respectively. This indicates OIH has been having a stronger performance recently.

OIH support price is $329.34 and resistance is $339.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OIH stock will trade within this expected range on the day.