OBSIDIAN ENERGY LTD (OBE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:OBE - CA6744822033 - Common Stock
Overall OBE gets a technical rating of 8 out of 10. 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!
- 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.
- OBE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- 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 54% of all stocks.
- OBE is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, OBE did better than 62% of them.
Besides having an excellent technical rating, OBE also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 8.62, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.40
We found 4 important support areas.
- A support zone ranging from 8.51 to 8.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.97 to 8.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.65 to 7.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.47 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @9.43 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 9.64 to 9.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 54.24 | 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) | 56.01 | NEUTRAL | The RSI value for OBE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OBE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.92 | NEUTRAL | The Stochastics value for OBE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.81 | 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 |
|---|---|---|---|
| 9.44 | 8.50 | 0.94 (9.96%) | 10.04% |
| An entry @9.44. This is a Buy Stop order right above the resistance zone. | An exit @8.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 9.96%. | For a 1.00% total portfolio risk, you can invest 10.04% of your capital in this trade. |
- 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 (1/22/2026, 7:00:00 PM)
8.97
-0.36 (-3.86%)
OBSIDIAN ENERGY LTD / OBE.CA FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 8 / 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 56.0132. 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 0.0594836, indicating a bearish trend.
What is the buy/sell signal for OBSIDIAN ENERGY LTD (OBE.CA) stock?
The buy/sell signal for OBSIDIAN ENERGY LTD (OBE.CA) is buy as both the short term and long term trends are positive.