When the Price of (OIH) Talks, People Listen

May 07, 2024, 21:12 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OIH

• Buy OIH slightly over 291.82 target 323.5 stop loss @ 290.98 Details

The technical summary data tells us to buy OIH near 291.82 with an upside target of 323.5. This data also tells us to set a stop loss @ 290.98 to protect against excessive loss in case the stock begins to move against the trade. 291.82 is the first level of support below 319.93 , and by rule, any test of support is a buy signal. In this case, support 291.82 would be being tested, so a buy signal would exist.

• Short OIH slightly under 323.5, target 291.82, stop loss @ 324.43 Details

The technical summary data is suggesting a short of OIH as it gets near 323.5 with a downside target of 291.82. We should have a stop loss in place at 324.43though. 323.5 is the first level of resistance above 319.93, and by rule, any test of resistance is a short signal. In this case, if resistance 323.5 is being tested, so a short signal would exist.

Swing Trading Plans for OIH

• Buy OIH slightly over 320.05, target 323.5, Stop Loss @ 319.13 Details

If 320.05 begins to break higher, the technical summary data tells us to buy OIH just slightly over 320.05, with an upside target of 323.5. The data also tells us to set a stop loss @ 319.13 in case the stock turns against the trade. 320.05 is the first level of resistance above 319.93, and by rule, any break above resistance is a buy signal. In this case, 320.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OIH slightly near 320.05, target 309.79, Stop Loss @ 320.97. Details

The technical summary data is suggesting a short of OIH if it tests 320.05 with a downside target of 309.79. We should have a stop loss in place at 320.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 320.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for OIH

• Buy OIH slightly over 320.05, target 320.62, Stop Loss @ 319.3 Details

If 320.05 begins to break higher, the technical summary data tells us to buy OIH just slightly over 320.05, with an upside target of 320.62. The data also tells us to set a stop loss @ 319.3 in case the stock turns against the trade. 320.05 is the first level of resistance above 319.93, and by rule, any break above resistance is a buy signal. In this case, 320.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OIH slightly near 320.05, target 309.79, Stop Loss @ 320.8. Details

The technical summary data is suggesting a short of OIH if it tests 320.05 with a downside target of 309.79. We should have a stop loss in place at 320.8 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 320.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Vaneck Oil Services Etf (OIH) available here: OIH.

OIH Ratings for May 07:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	291.82
P2	320.62	309.79	323.5
P3	324.39	320.05	355.07

AI Generated Signals for OIH

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Vaneck Oil Services Etf (NYSE: OIH) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for OIH can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.