On 2/20/2024, Oil States International (OIS) reported earnings of $0.11 per share on revenue of $208.27 million for the fourth quarter ended December 2023. The consensus earnings estimate was $0.08 per share on revenue of $216.22 million.
oILoil services sector/52 week high
Crossing over $10/my favorite money setup.Hot anti inflation sector/look for instatutional investors to swoop in now
Volume could be higher. Nice ratio here.
Low stop loss below channel and support to allow for volatility.
OIS went up on Thursday while the Dow dropped ~500 points.
Comments and criticisms welcome.
Description: OIS is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $6 - $6.4
2. Take profit: $8.47
3. Stop Loss: $5.74
4. Risk To Reward: 1 / 4
5. Accuracy Rating: 94%
RSI is the most popular indicator, according to TradingView. So why does it test like garbage?
I show you backtest results using several RSI strategies:
Crossunder from overbought/crossover from oversold (the default RSI strategy provided by TradingView and suggested by Wilder)
RSI + EMA 200: is RSI profitable with the trend?
RSI + ADX: is RSI profitable in...
Ascending Triangle, confirmed (133PC)
Pros:
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 21, very high
200MA ascending
Cons:
250RSI below 50
Target:
PT = 18.88$
Help how ever you can to keep this alive.
Thank you to those who have donated...
Oil States International, Inc. engages in the provision of specialty products and services to drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry. It operates through the following segments: Well Site Services, Downhole Technologies and Offshore or Manufactured Products. The Well Site Services segment consists of...
Oil States International, Inc. engages in the provision of specialty products and services to drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry. It operates through the following segments: Offshore or Manufactured Products, Well Site Services, and Corporate. The Offshore or Manufactured Products segment designs,...
