OBSIDIAN ENERGY LTD (OBE.CA)
CA6744822033 - Common Stock
Taking everything into account, OBE scores 0 out of 10 in our technical rating. OBE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, OBE is a bad performer in the overall market: 82% of all stocks are doing better.
OBE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 68% of 220 stocks in the same industry do better.
OBE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
OBE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, OBE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OBE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.69
12.20
When analyzing the support we notice one important area.
- A support zone ranging from 7.77 to 7.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 7.99 to 7.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.31 to 9.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.64 to 9.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.97 to 12.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.19
Mansfield-2.94
10 Day High8.6
10 Day Low7.69
20 Day High9.8
20 Day Low7.69
52 Week High12.37
52 Week Low7.69
Performance
1 Week0%
2 Weeks-6.12%
1 Month-16.53%
3 Month-19.07%
6 Month-25%
12 Month-27.52%
2 Year-19.64%
3 Year76.94%
5 Year625.46%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)35.27
LBB7.02
UBB9.6
OBSIDIAN ENERGY LTD
TSX:OBE (9/17/2024, 7:00:00 PM)
7.98
+0.16 (+2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.05%
1 Week0%
2 Weeks-6.12%
1 Month-16.53%
3 Month-19.07%
6 Month-25%
12 Month-27.52%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.34
ATR(20)%4.05%
ATR Inc
Range Today0.25
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High8.6
10 Day Low7.69
20 Day High9.8
20 Day Low7.69
52 Week High12.37
52 Week Low7.69
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume141.36K
Volume Incr23.08%
Vol(5)176.77K
Vol(50)148.18K