OBSIDIAN ENERGY LTD (OBE.CA) Stock Technical Analysis
TSX:OBE - Toronto Stock Exchange - CA6744822033 - Common Stock - Currency: CAD
Taking everything into account, OBE scores 7 out of 10 in our technical rating. Although OBE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, OBE outperforms 48% of them, which is more or less in line with the market.
OBE is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, OBE did better than 52% of them.
OBE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OBE is lagging the market.
In the last month OBE has a been trading in the 7.24 - 9.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OBE has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.31
8.89
When analyzing the support we notice one important area.
- Support @7.38 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @8.03 from a trend line in the daily time frame.
- A resistance zone ranging from 8.20 to 8.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.62 to 8.80. 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 | UP | POSITIVE | The short term trend for OBE.CA is up. |
| ChartMill Relative Strength | 48.31 | NEUTRAL | OBE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OBE.CA is above a declining 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) | DOWN | MIXED | The current price of OBE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.51 | NEUTRAL | The RSI value for OBE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OBE.CA has a negative trend. |
| Stochastics (14,3) | 42.68 | NEUTRAL | The Stochastics value for OBE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for OBE.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:OBE (8/7/2025, 7:00:00 PM)
8
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-7.62%
2 Weeks2.43%
1 Month-2.68%
3 Month25.59%
6 Month8.4%
12 Month-9.4%
2 Year-16.32%
3 Year-32.32%
5 Year1279.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%4.2%
ATR Inc8.92%
Range Today0.27
ADR(20)0.33
ADR(20)%4.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.31
Mansfield-0.44
10 Day High9.02
10 Day Low7.77
20 Day High9.02
20 Day Low7.24
52 Week High9.86
52 Week Low5.35
CS1 End7.38
CR1 Start8.03
Volume & EV
DER(3)3.97%
DER(5)2.89%
Volume163.56K
Volume Incr-1.3%
Vol(5)266.24K
Vol(50)345.36K