OBSIDIAN ENERGY LTD (OBE.CA) Technical Analysis
TSX:OBE • CA6744822033
Current stock price
OBE.CA Technical Rating and Analysis
Taking everything into account, OBE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, OBE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that OBE is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, OBE also shows a nice and consistent pattern of rising prices.
- OBE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 78% of 210 stocks in the same industry.
- OBE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so OBE is leading the market.
- In the last month OBE has a been trading in the 11.22 - 13.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OBE.CA Weekly and Daily overview Charts
OBE.CA Setup Rating and Analysis
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.
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OBE.CA Support and Resistance Analysis
7.40
5 important support areas can be observed.
- A support zone ranging from 12.21 to 12.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.89 from a trend line in the daily time frame.
- Support @8.69 from a trend line in the weekly time frame.
- A support zone ranging from 7.72 to 7.84. 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.
OBE.CA Technical Indicator Signal Analysis
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 | 88.21 | POSITIVE | OBE.CA has a high relative strength, it outperformed 88.21% off all stocks 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) | 66.16 | NEUTRAL | The RSI value for OBE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OBE.CA has a positive trend. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for OBE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.88 | POSITIVE | The high ADX value value for OBE.CA suggests a strong trend. |
OBE.CA Chart- and CandleStick Pattern Analysis
OBE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:OBE (4/6/2026, 7:00:00 PM)
13.08
+0.3 (+2.35%)
OBSIDIAN ENERGY LTD / OBE.CA TA FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 10 / 10 to OBE.CA.
What is the trend direction for OBE stock?
The current trend direction for OBSIDIAN ENERGY LTD (OBE.CA) is Bullish.
What is the RSI signal for OBE stock?
OBSIDIAN ENERGY LTD (OBE.CA) has an RSI value of 66.1617. This indicates that the stock is currently neutral.
What is the short term momentum for OBSIDIAN ENERGY LTD (OBE.CA) stock?
The short term momentum for OBSIDIAN ENERGY LTD (OBE.CA) is positive.
Can you provide the support and resistance levels for OBSIDIAN ENERGY LTD?
OBSIDIAN ENERGY LTD (OBE.CA) has a support level at 12.34. Check the full technical report for our detailed analysis of OBE.CA support and resistance levels.