OBSIDIAN ENERGY LTD (OBE.CA) Stock Technical Analysis
Canada - TSX:OBE - CA6744822033 - Common Stock
We assign a technical rating of 6 out of 10 to OBE. OBE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, OBE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
7.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.58 to 8.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.25 to 8.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.94 to 7.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.72 to 7.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @9.19 from a trend line in the weekly time frame.
- Resistance @9.43 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for OBE.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OBE.CA is up. |
| ChartMill Relative Strength | 61.25 | 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) | 58.35 | NEUTRAL | The RSI value for OBE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests OBE.CA has a positive trend. |
| Stochastics (14,3) | 77.27 | NEUTRAL | The Stochastics value for OBE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.7 | NEGATIVE | The low ADX value for OBE.CA suggests a weak or negative 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 |
|---|---|---|---|
| 9.20 | 8.57 | 0.63 (6.85%) | 14.60% |
| An entry @9.20. This is a Buy Stop order right above the resistance zone. | An exit @8.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.63 points, which is 6.85%. | When investing 14.60% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (11/14/2025, 7:00:00 PM)
8.79
+0.22 (+2.57%)
OBSIDIAN ENERGY LTD / OBE.CA FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 6 / 10 to OBE.CA.
What is the current trend direction of OBSIDIAN ENERGY LTD (OBE.CA) stock?
The current trend direction for OBSIDIAN ENERGY LTD (OBE.CA) is Bearish.
Can you provide the RSI signal for OBSIDIAN ENERGY LTD?
OBSIDIAN ENERGY LTD (OBE.CA) has an RSI value of 58.3509. This indicates that the stock is currently neutral.
What is the MACD signal for OBSIDIAN ENERGY LTD (OBE.CA) stock?
The MACD indicator for OBSIDIAN ENERGY LTD (OBE.CA) has a value of 0.0962223, indicating a bearish trend.
What is the short term momentum for OBE stock?
The short term momentum for OBSIDIAN ENERGY LTD (OBE.CA) is positive.