OBSIDIAN ENERGY LTD (OBE) Stock Technical Analysis
NYSEARCA:OBE • CA6744822033
Taking everything into account, OBE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, OBE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, OBE did better than 86% of all other stocks.
- OBE is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. OBE outperforms 75% of them.
- 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 6.66 - 8.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OBE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.93. Right above this resistance zone may be a good entry point.
More info and screens
5.42
We found 4 important support areas.
- A support zone ranging from 7.40 to 7.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.06 from a trend line in the weekly time frame.
- A support zone ranging from 5.63 to 5.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.93 to 8.04. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OBE is up. |
| ChartMill Relative Strength | 86.53 | POSITIVE | OBE has a high relative strength, it outperformed 86.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OBE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OBE is above the rising 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) | 55.42 | NEUTRAL | The RSI value for OBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OBE has a negative trend. |
| Stochastics (14,3) | 69.56 | NEUTRAL | The Stochastics value for OBE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for OBE suggests high volalility. |
| Average Directional Index/ADX (14) | 26.64 | POSITIVE | The high ADX value value for OBE suggests a strong trend. |
7.55
-0.07 (-0.92%)
OBSIDIAN ENERGY LTD / OBE FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 10 / 10 to OBE.
What is the trend direction for OBE stock?
The current trend direction for OBSIDIAN ENERGY LTD (OBE) is Bullish.
Can you provide the RSI signal for OBSIDIAN ENERGY LTD?
OBSIDIAN ENERGY LTD (OBE) has an RSI value of 55.4221. 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) has a value of -0.025141, indicating a bearish trend.
What is the buy/sell signal for OBSIDIAN ENERGY LTD (OBE) stock?
The buy/sell signal for OBSIDIAN ENERGY LTD (OBE) is buy as both the short term and long term trends are positive.