When the Price of (OIH) Talks, People Listen

February 02, 2025, 08:26 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OIH

• Buy OIH near 259.76 target 282.78 stop loss @ 259.01 Details

The technical summary data tells us to buy OIH near 259.76 with an upside target of 282.78. This data also tells us to set a stop loss @ 259.01 to protect against excessive loss in case the stock begins to move against the trade. 259.76 is the first level of support below 276.96 , and by rule, any test of support is a buy signal. In this case, support 259.76 would be being tested, so a buy signal would exist.

• Short OIH slightly under 282.78, target 259.76, stop loss @ 283.6 Details

The technical summary data is suggesting a short of OIH as it gets near 282.78 with a downside target of 259.76. We should have a stop loss in place at 283.6though. 282.78 is the first level of resistance above 276.96, and by rule, any test of resistance is a short signal. In this case, if resistance 282.78 is being tested, so a short signal would exist.

Swing Trading Plans for OIH

• Buy OIH slightly over 282.47, target 282.78, Stop Loss @ 281.65 Details

If 282.47 begins to break higher, the technical summary data tells us to buy OIH just slightly over 282.47, with an upside target of 282.78. The data also tells us to set a stop loss @ 281.65 in case the stock turns against the trade. 282.47 is the first level of resistance above 276.96, and by rule, any break above resistance is a buy signal. In this case, 282.47, 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 282.47, target 272.67, Stop Loss @ 283.29. Details

The technical summary data is suggesting a short of OIH if it tests 282.47 with a downside target of 272.67. We should have a stop loss in place at 283.29 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, 282.47, 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 278.79, target 282.47, Stop Loss @ 278.14 Details

If 278.79 begins to break higher, the technical summary data tells us to buy OIH just slightly over 278.79, with an upside target of 282.47. The data also tells us to set a stop loss @ 278.14 in case the stock turns against the trade. 278.79 is the first level of resistance above 276.96, and by rule, any break above resistance is a buy signal. In this case, 278.79, 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 278.79, target 274.05, Stop Loss @ 279.44. Details

The technical summary data is suggesting a short of OIH if it tests 278.79 with a downside target of 274.05. We should have a stop loss in place at 279.44 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, 278.79, 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 February 02:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	259.76
P2	274.05	272.67	282.78
P3	278.79	282.47	307.01

AI Generated Signals for OIH

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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.