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 November 22, 2024, OIH stock price climbed to $307.26 with 826,262 million shares trading.

OIH has a beta of 0.84, meaning it tends to be less sensitive to market movements. OIH has a correlation of 0.13 to the broad based SPY ETF.

OIH has a market cap of $1.80 billion. This is considered a Small Cap stock.

In the last 3 years, OIH traded as high as $364.08 and as low as $171.30.

OIH has underperformed the market in the last year with a return of +0.8%, while the SPY ETF gained +32.4%. In the last 3 month period, OIH fell short of the market, returning +4.5%, while SPY returned +7.4%. However, in the most recent 2 weeks OIH has outperformed the stock market by returning +3.0%, while SPY returned -0.4%.

OIH support price is $298.68 and resistance is $309.04 (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 shares will trade within this expected range on the day.