OBSIDIAN ENERGY LTD (OBE) Stock Technical Analysis
NYSEARCA:OBE - NYSE Arca - CA6744822033 - Common Stock - Currency: USD
Taking everything into account, OBE scores 7 out of 10 in our technical rating. Although OBE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
74% of all other stocks performed better in the past year than OBE.
OBE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 60% of 213 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month OBE has a been trading in the 4.61 - 6.09 range, which is quite wide. It is currently trading near the high of this range.
OBE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OBE is lagging the market slightly.
Although OBE has an excellent technical rating, the quality of the presented setup is not ideal 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
5.84
6.35
3 important resistance areas can be observed.
- A resistance zone ranging from 5.94 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.15 from a horizontal line in the daily time frame.
- Resistance @6.29 from a horizontal line in the daily 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 | 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 | 26.2 | NEGATIVE | OBE has a low relative strength, it was outperformed by 73.8% 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) | DOWN | MIXED | The current price of OBE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.87 | NEUTRAL | The RSI value for OBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests OBE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.52 | OVERBOUGHT | The high Stochastics value suggests OBE may be overbought. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE suggests some volalility. |
| Average Directional Index/ADX (14) | 32.59 | POSITIVE | The high ADX value value for OBE suggests a strong 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)
5.9
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week2.79%
2 Weeks14.79%
1 Month24.47%
3 Month3.69%
6 Month16.6%
12 Month-18.28%
2 Year1.2%
3 Year-23.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%3.88%
ATR Inc-37.48%
Range Today0.14
ADR(20)0.21
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.2
Mansfield-0.11
10 Day High6.09
10 Day Low5.08
20 Day High6.09
20 Day Low4.61
52 Week High7.87
52 Week Low3.88
CS1 EndN/A
CR1 Start5.94
Volume & EV
DER(3)-1.12%
DER(5)-2.86%
Volume512.90K
Volume Incr84.99%
Vol(5)586.16K
Vol(50)508.75K