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Bullish Case: OIH's recent uptrend, trading up from a month, 90 days, a year, and two years ago, combined with a Helium implied volatility forecast that is higher than the market's, hints at potential undervaluation and bullish sentiment.


Bearish Case: Despite OIH's recent gains, the flat term structure and significant drop from five years ago indicate lingering uncertainties and potential resistance to further upward movement.


Potential Outcomes: Near-term neutrality with a hint of bullish potential due to upward price movement and bullish risk. Long-term outcomes are less predictable due to flat term structure indicating stability or lack of strong directional conviction.


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April 04, 2024


VanEck Vectors Oil Services Forecast

OIH        VanEck Vectors Oil Services
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with OIH



NOG Forecast + Options Trading Strategies   [NOG]  Northern Oil and Gas (0.95)


VAL Forecast + Options Trading Strategies   [VAL]  Valaris (0.93)


NE Forecast + Options Trading Strategies   [NE]  Noble (0.93)


EOG Forecast + Options Trading Strategies   [EOG]  EOG Resources (0.92)


BKR Forecast + Options Trading Strategies   [BKR]  Baker Hughes (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to OIH



AX Forecast + Options Trading Strategies   [AX]  Axos Financial (-0.0)


MGM Forecast + Options Trading Strategies   [MGM]  MGM Resorts International (0.0)


SNA Forecast + Options Trading Strategies   [SNA]  Snap-on (0.0)


ASC Forecast + Options Trading Strategies   [ASC]  Ardmore Shipping (0.0)


PAYC Forecast + Options Trading Strategies   [PAYC]  Paycom Software (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against OIH



SAVA Forecast + Options Trading Strategies   [SAVA]  Cassava Sciences (-0.74)


LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.74)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (-0.77)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.85)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.87)





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