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 19, 2024, OIH stock price climbed to $323.86 with 299,024 million shares trading.

OIH has a beta of 0.72, 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 $2.09 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 has underperformed the market in the last year with a price return of +15.9% while the SPY ETF gained +21.2%. However, in the short term, OIH had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.1% vs +4.3% return in SPY. But in the last 2 weeks, OIH shares have been beat by the market, returning -6.0% compared to an SPY return of -3.5%.

OIH support price is $316.52 and resistance is $325.94 (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.