OBSIDIAN ENERGY LTD (OBE.CA) Stock Technical Analysis
TSX:OBE - Toronto Stock Exchange - CA6744822033 - Common Stock - Currency: CAD
Overall OBE gets a technical rating of 7 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
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 53% 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 57% 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.
Although OBE has an excellent technical rating, it does not offer a high quality setup 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
We found 3 important support areas.
- A support zone ranging from 7.92 to 7.95. 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 7.56 to 7.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.38 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.20 to 8.20. 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 | NEUTRAL | NEUTRAL | The short term trend for OBE.CA is neutral. |
| ChartMill Relative Strength | 53.92 | 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) | 55.97 | NEUTRAL | The RSI value for OBE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OBE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.8 | NEUTRAL | The Stochastics value for OBE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.14 | 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 (8/5/2025, 7:00:00 PM)
8.19
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-1.33%
2 Weeks9.49%
1 Month3.67%
3 Month28.57%
6 Month10.98%
12 Month-7.25%
2 Year-14.33%
3 Year-30.71%
5 Year1312.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.07%
ATR Inc23.1%
Range Today0.36
ADR(20)0.32
ADR(20)%3.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.92
Mansfield-0.15
10 Day High9.02
10 Day Low7.49
20 Day High9.02
20 Day Low7.24
52 Week High9.86
52 Week Low5.35
CS1 End7.95
CR1 Start8.2
Volume & EV
DER(3)0.84%
DER(5)4.33%
Volume400.36K
Volume Incr38.5%
Vol(5)371.36K
Vol(50)342.23K