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    Technical Analysis for OBE - Obsidian Energy Ltd.

    Grade Last Price % Change Price Change
    D 10.420 0.39% 0.040
    OBE closed up 0.39 percent on Friday, May 17, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
    Earnings due: Jun 4
    *** please verify all earnings dates ***
    1 Watcher
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Up Down Down
    Historical OBE trend table...
    Date Alert Name Type % Chg
    NR7 Range Contraction 0.00%
    Narrow Range Bar Range Contraction 0.00%
    Oversold Stochastic Weakness 0.00%
    Pocket Pivot Bullish Swing Setup 0.39%
    Gapped Up Strength 0.39%
    Oversold Stochastic Weakness 0.39%
    200 DMA Support Bullish 1.46%
    Lower Bollinger Band Touch Weakness 1.46%
    Oversold Stochastic Weakness 1.46%
    Fell Below 50 DMA Bearish -2.16%
    Older End-of-Day Signals for OBE ...

       Recent Intraday Alerts

    Alert Time
    Possible NR7 about 21 hours ago
    Fell Below Previous Day's Low 1 day ago
    3x Volume Pace 1 day ago
    2x Volume Pace 1 day ago
    1.5x Volume Pace 1 day ago
    View Earlier Intraday Alerts

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    Profile

    Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium. The Cardium is concentrated on the low-decline and high-netback light-oil production. The Company is focused on an integrated waterflood approach in which it maintain reservoir pressure from the start of production to reduce decline rates on new wells. The Peace River operates in a crude oil resource industry.
    Classification
    Sector: Energy
    Industry: Oil & Gas E&P
    Keywords: Energy Oil Natural Gas Oil And Gas Petroleum Water Light Integrated Crude Oil Nature Petroleum Geology Cardium Oil Production Peace River Conventional Oil

    Is OBE a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    May 15 Canadian First Nation blockades disrupt Obsidian Energy's operations in Peace River
    May 15 Obsidian Energy Discloses Details of Commercial Dispute with Woodland Cree First Nation
    May 13 A GROWING LIST OF ALBERTA FIRST NATIONS STAND TOGETHER IN SUPPORT OF WOODLAND CREE FIRST NATION'S TREATY CAMP AGAINST OBSIDIAN ENERGY LTD. (TSE: OBE) | (NYSEAMERICAN: OBE)
    May 10 The Week in Canadian Press Releases: 10 Stories You Need to See
    May 6 Canadian First Nation rejects Obsidian Energy drilling expansion plans
    May 2 Obsidian Energy Announces Voting Results from the 2024 Annual and Special Meeting of Shareholders
    May 2 Obsidian Energy Announces First Quarter 2024 Results
    Apr 25 Obsidian Energy Announces Date of First Quarter 2024 Results and AGM Webcast
    Mar 14 Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes
    Feb 28 Obsidian Energy Announces Operational Update with Strong Start to 2024 Capital Program
    See more OBE news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 12.37
    52 Week Low 7.05
    Average Volume 168,539
    200-Day Moving Average 10.177
    50-Day Moving Average 11.083
    20-Day Moving Average 11.168
    10-Day Moving Average 10.711
    Average True Range 0.378
    RSI (14) 39.76
    ADX 22.48
    +DI 16.008
    -DI 27.300
    Chandelier Exit (Long, 3 ATRs) 11.235
    Chandelier Exit (Short, 3 ATRs) 11.265
    Upper Bollinger Bands 12.387
    Lower Bollinger Band 9.948
    Percent B (%b) 0.19
    BandWidth 21.846
    MACD Line -0.212
    MACD Signal Line -0.087
    MACD Histogram -0.1253
    Fundamentals Value
    Market Cap 766 Million
    Num Shares 73.5 Million
    EPS -4.96
    Price-to-Earnings (P/E) Ratio -2.10
    Price-to-Sales 0.13
    Price-to-Book 0.13
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 10.615
    Resistance 3 (R3) 10.610 10.540 10.583
    Resistance 2 (R2) 10.540 10.490 10.543 10.572
    Resistance 1 (R1) 10.480 10.460 10.510 10.485 10.561
    Pivot Point 10.410 10.410 10.425 10.413 10.410
    Support 1 (S1) 10.350 10.360 10.380 10.355 10.279
    Support 2 (S2) 10.280 10.330 10.283 10.268
    Support 3 (S3) 10.220 10.280 10.258
    Support 4 (S4) 10.225