OBSIDIAN ENERGY LTD (OBE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:OBE - CA6744822033 - Common Stock
Taking everything into account, OBE scores 0 out of 10 in our technical rating. OBE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OBE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 7.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OBE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.18 to 8.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.65 to 7.91. 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.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.58 from a trend line in the daily time frame.
- A resistance zone ranging from 8.80 to 8.88. 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 | NEUTRAL | NEUTRAL | The long term trend for OBE.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OBE.CA is down. |
| ChartMill Relative Strength | 15.99 | NEGATIVE | OBE.CA has a low relative strength, it was outperformed by 84.01% off all stocks 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) | DOWN | MIXED | The current price of OBE.CA is above a declining 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) | 45.29 | NEUTRAL | The RSI value for OBE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OBE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.6 | NEUTRAL | The Stochastics value for OBE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.05 | NEGATIVE | The low ADX value for OBE.CA suggests a weak or negative trend. |
TSX:OBE (1/8/2026, 7:00:00 PM)
8.42
+0.28 (+3.44%)
OBSIDIAN ENERGY LTD / OBE.CA FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 0 / 10 to OBE.CA.
What is the trend direction for OBE 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 45.2912. 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 0.0232187, indicating a bearish trend.