OBSIDIAN ENERGY LTD (OBE) Stock Technical Analysis
USA - NYSEARCA:OBE - CA6744822033 - Common Stock
Taking everything into account, OBE scores 1 out of 10 in our technical rating. OBE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
OBE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
5.31
When analyzing the support we can see 3 important areas.
- Support @5.66 from a horizontal line in the weekly time frame.
- A support zone ranging from 5.47 to 5.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.07 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.58 from a trend 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 is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OBE is down. |
| ChartMill Relative Strength | 45.46 | NEUTRAL | OBE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OBE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OBE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OBE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.46 | NEUTRAL | The RSI value for OBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OBE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.57 | NEUTRAL | The Stochastics value for OBE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.21 | NEGATIVE | The low ADX value for OBE suggests a weak or negative trend. |
5.86
+0.2 (+3.53%)
OBSIDIAN ENERGY LTD / OBE FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 1 / 10 to OBE.
What is the current trend direction of OBSIDIAN ENERGY LTD (OBE) stock?
The current trend direction for OBSIDIAN ENERGY LTD (OBE) is Bearish.
Can you provide the RSI signal for OBSIDIAN ENERGY LTD?
OBSIDIAN ENERGY LTD (OBE) has an RSI value of 47.4607. This indicates that the stock is currently neutral.
What is the MACD signal for OBSIDIAN ENERGY LTD (OBE) stock?
The MACD indicator for OBSIDIAN ENERGY LTD (OBE) has a value of -0.00436651, indicating a bearish trend.
What is the short term momentum for OBE stock?
The short term momentum for OBSIDIAN ENERGY LTD (OBE) is negative.