We assign a technical rating of 3 out of 10 to OBE. In the last year, OBE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
OBE has a poor technical rating and the quality of the setup is also not perfect 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.
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5.42
We found 3 important support areas.
- A support zone ranging from 5.96 to 6.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.60 to 5.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.47 to 5.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.30 to 6.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.74 from a horizontal line in the weekly time frame.
- Resistance @6.88 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 | NEUTRAL | NEUTRAL | The long term trend for OBE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OBE is neutral. |
| ChartMill Relative Strength | 33.26 | 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) | 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) | 54.26 | NEUTRAL | The RSI value for OBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OBE has a positive trend. |
| Stochastics (14,3) | 56.67 | NEUTRAL | The Stochastics value for OBE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.94 | NEGATIVE | The low ADX value for OBE suggests a weak or negative trend. |
6.08
+0.14 (+2.36%)
OBSIDIAN ENERGY LTD / OBE FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 3 / 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 54.2604. 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 0.0197283, indicating a bearish trend.
What is the short term momentum for OBE stock?
The short term momentum for OBSIDIAN ENERGY LTD (OBE) is neutral.