OBSIDIAN ENERGY LTD (OBE.CA) Stock Technical Analysis
TSX:OBE - CA6744822033 - Common Stock
8.47 CAD
-0.16 (-1.85%)
We assign a technical rating of 7 out of 10 to OBE. 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.
In the last month OBE has a been trading in the 7.62 - 8.67 range, which is quite wide. It is currently trading near the high of this range.
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 213 other stocks in this industry, OBE did better than 63% of them.
Considerably lower volume is observed in the last couple of days.
Although OBE has an excellent technical rating, it does not present a decent entry opportunity 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
8.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.87 to 8.08. 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.
- Resistance @8.48 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.67 to 8.69. 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 | UP | POSITIVE | The short term trend for OBE.CA is up. |
| ChartMill Relative Strength | 53.75 | NEUTRAL | OBE.CA is not amongst the best or worst performers 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) | 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) | 60.6 | 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) | 90.06 | OVERBOUGHT | The high Stochastics value suggests OBE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for OBE.CA suggests a weak or negative 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 (8/29/2025, 7:00:00 PM)
8.47
-0.16 (-1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.85%
1 Week1.19%
2 Weeks9.29%
1 Month-0.12%
3 Month28.92%
6 Month7.08%
12 Month-8.53%
2 Year-11.4%
3 Year-28.34%
5 Year1360.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%3.04%
ATR Inc33.66%
Range Today0.26
ADR(20)0.25
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.75
Mansfield0.1
10 Day High8.67
10 Day Low7.62
20 Day High8.67
20 Day Low7.62
52 Week High9.14
52 Week Low5.35
CS1 End8.08
CR1 Start8.48
Volume & EV
DER(3)-0.87%
DER(5)-0.36%
Volume88.08K
Volume Incr-39.15%
Vol(5)164.47K
Vol(50)269.67K