Taking everything into account, OBE scores 7 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- OBE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 74% of 208 stocks in the same industry.
- 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 5.55 - 6.52 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that OBE is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
5.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.94 to 6.12. 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 5.79. 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 2 important areas.
- 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 | 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 | 71.56 | POSITIVE | OBE has a high relative strength, it outperformed 71.56% 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) | 60.37 | NEUTRAL | The RSI value for OBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OBE has a positive trend. |
| Stochastics (14,3) | 78.57 | NEUTRAL | The Stochastics value for OBE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for OBE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.11 | NEGATIVE | The low ADX value for OBE suggests a weak or negative trend. |
NYSEARCA:OBE (1/14/2026, 12:56:27 PM)
6.73
+0.35 (+5.49%)
OBSIDIAN ENERGY LTD / OBE FAQ
Can you provide the ChartMill technical rating for OBSIDIAN ENERGY LTD?
ChartMill assigns a technical rating of 7 / 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 60.3749. 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 0.041055, 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.