(V0IH) VanEck Oil USD Acc EUR - Ratings and Ratios

The VanEck Oil Services ETF is a sector-specific exchange-traded fund that focuses on the energy sector, tracking the Morningstar Global Energy NR USD Index. It is listed on the XETRA exchange and has the ticker symbol V0IH.

This ETF provides investors with exposure to a diversified portfolio of oil services companies, allowing them to capitalize on trends and developments in the energy industry. The funds underlying index is designed to capture the performance of companies involved in the provision of services to the oil and gas industry.

Analyzing the ETFs technical data, we observe that the current price is 14.88 EUR, which is below its 20-day, 50-day, and 200-day simple moving averages (SMA). This indicates a downtrend, with the long-term SMA suggesting a significant decline from its peak. The Average True Range (ATR) is 0.53, representing a 3.59% daily price fluctuation, which is relatively moderate. The 52-week high and low are 23.47 and 13.76, respectively, showing that the ETF has experienced significant price volatility.

From a fundamental perspective, the ETFs Assets Under Management (AUM) stand at 12.84 million EUR, indicating a relatively small but still viable fund. As an investor, its essential to consider the funds size and liquidity when making investment decisions.

Forecasting the ETFs future performance using both technical and fundamental data, we can identify potential trends. Given the current downtrend and the ETFs price being below its SMAs, a potential bearish scenario could unfold if the price continues to decline. However, if the price were to rebound and surpass the 20-day SMA, it could signal a potential buy opportunity. Considering the AUM and the ETFs focus on the energy sector, a recovery in oil prices could positively impact the funds performance. Therefore, a potential forecast is that the ETF could experience a moderate recovery in the short term, with a potential target price of 16.50 EUR, representing a 10% increase from the current price. However, this is contingent upon a rebound in oil prices and a stabilization of the energy sector.