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    Technical Analysis for OBE - Obsidian Energy Ltd.

    Grade Last Price % Change Price Change
    B 11.160 -0.53% -0.060
    OBE closed down 0.53 percent on Friday, April 19, 2024, on approximately normal volume. 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: May 2
    *** please verify all earnings dates ***
    1 Watcher
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Up Down
    Historical OBE trend table...
    Date Alert Name Type % Chg
    1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
    Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
    Doji - Bullish? Reversal 0.00%
    Stochastic Reached Oversold Weakness 0.00%
    Strong but Oversold Other 0.00%
    Strong, Oversold and Reversal Signs Reversal 0.00%
    Down 3 Days in a Row Weakness 0.00%
    Down 4 Days in a Row Weakness 0.00%
    Down 5 Days in a Row Weakness 0.00%
    Oversold Stochastic Weakness 0.00%
    Older End-of-Day Signals for OBE ...

       Recent Intraday Alerts

    Alert Time
    Down 1% about 15 hours ago
    2x Volume Pace about 20 hours ago
    Up 1% about 20 hours ago
    1.5x Volume Pace about 20 hours ago
    Fell Below Previous Day's Low about 20 hours ago
    View Earlier Intraday Alerts

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    OBE Chart by TradingView
    Basic chart:

    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: 5 bullish, 0 bearish and 0 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    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
    Feb 27 Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid
    Feb 26 Obsidian Energy Announces Launch of an Offer to Purchase up to $2.0 Million of our Outstanding Senior Unsecured Notes
    Feb 22 Obsidian Energy Confirms Filing of Its 2023 Year End Disclosure Documents
    Feb 22 Obsidian Energy Announces Fourth Quarter and Full Year 2023 Results
    Feb 14 Canadian First Nation sends notice of opposition to Obsidian Energy drilling plans
    Feb 14 UPDATE 1-Canadian First Nation sends notice of opposition to Obsidian Energy drilling plans
    Feb 14 Obsidian Energy Sets Record Straight Regarding Woodland Cree First Nation Misleading Statements
    Feb 13 Canadian First Nation urges Obsidian Energy to address quake concerns
    See more OBE news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 12.11
    52 Week Low 7.05
    Average Volume 141,341
    200-Day Moving Average 9.917
    50-Day Moving Average 10.336
    20-Day Moving Average 11.377
    10-Day Moving Average 11.541
    Average True Range 0.294
    RSI (14) 51.92
    ADX 32.67
    +DI 22.007
    -DI 19.752
    Chandelier Exit (Long, 3 ATRs) 11.229
    Chandelier Exit (Short, 3 ATRs) 11.421
    Upper Bollinger Bands 12.045
    Lower Bollinger Band 10.708
    Percent B (%b) 0.34
    BandWidth 11.754
    MACD Line 0.286
    MACD Signal Line 0.402
    MACD Histogram -0.1157
    Fundamentals Value
    Market Cap 820.4 Million
    Num Shares 73.5 Million
    EPS -4.96
    Price-to-Earnings (P/E) Ratio -2.25
    Price-to-Sales 0.13
    Price-to-Book 0.13
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 11.550
    Resistance 3 (R3) 11.573 11.467 11.485
    Resistance 2 (R2) 11.467 11.367 11.455 11.463
    Resistance 1 (R1) 11.313 11.306 11.290 11.290 11.442
    Pivot Point 11.207 11.207 11.195 11.195 11.207
    Support 1 (S1) 11.053 11.107 11.030 11.030 10.878
    Support 2 (S2) 10.947 11.046 10.935 10.857
    Support 3 (S3) 10.793 10.947 10.835
    Support 4 (S4) 10.770