OBSIDIAN ENERGY LTD (OBE.CA) Stock Technical Analysis
TSX:OBE • CA6744822033
We assign a technical rating of 7 out of 10 to OBE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, OBE is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- OBE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OBE is lagging the market slightly.
- When comparing the performance of all stocks over the past year, OBE turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- OBE is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry, OBE did better than 65% of them.
- In the last month OBE has a been trading in the 9.42 - 11.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, OBE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.88. Right above this resistance zone may be a good entry point.
More info and screens
7.40
6 important support areas can be observed.
- A support zone ranging from 10.31 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.11 from a horizontal line in the daily time frame.
- Support @8.33 from a trend line in the weekly time frame.
- Support @8.02 from a trend line in the daily time frame.
- A support zone ranging from 7.72 to 7.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @7.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.88 to 10.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OBE.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OBE.CA is neutral. |
| ChartMill Relative Strength | 67.3 | NEUTRAL | OBE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OBE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OBE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OBE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.94 | NEUTRAL | The RSI value for OBE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests OBE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.64 | NEUTRAL | The Stochastics value for OBE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for OBE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for OBE.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.94 | 10.30 | 0.64 (5.85%) | 17.09% |
| An entry @10.94. This is a Buy Stop order right above the resistance zone. | An exit @10.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.64 points, which is 5.85%. | For a 1.00% total portfolio risk, you can invest 17.09% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of OBE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:OBE (2/26/2026, 7:00:00 PM)
10.5
+0.29 (+2.84%)
OBSIDIAN ENERGY LTD / OBE.CA FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 7 / 10 to OBE.CA.
What is the trend direction for OBE stock?
The current trend direction for OBSIDIAN ENERGY LTD (OBE.CA) is Bullish.
Can you provide the RSI signal for OBSIDIAN ENERGY LTD?
OBSIDIAN ENERGY LTD (OBE.CA) has an RSI value of 55.9395. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OBSIDIAN ENERGY LTD?
The MACD indicator for OBSIDIAN ENERGY LTD (OBE.CA) has a value of -0.0615701, indicating a bearish trend.