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    Technical Analysis for OBE - Obsidian Energy Ltd.

    Grade Last Price % Change Price Change
    C 10.120 0.80% 0.080
    OBE closed up 0.8 percent on Friday, July 26, 2024, on 1.13 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
    Earnings due: Jul 31
    *** please verify all earnings dates ***
    1 Watcher
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Down Flat Flat
    Historical OBE trend table...
    Date Alert Name Type % Chg
    Crossed Above 50 DMA Bullish 0.00%
    Pocket Pivot Bullish Swing Setup 0.00%
    Bollinger Band Squeeze Range Contraction 0.00%
    Multiple of Ten Bullish Other 0.00%
    Oversold Stochastic Weakness 0.00%
    Bullish Engulfing Bullish 0.80%
    Stochastic Buy Signal Bullish 0.80%
    Bollinger Band Squeeze Range Contraction 0.80%
    Multiple of Ten Bullish Other 0.80%
    BB Squeeze + Lower Band Touch Range Contraction 0.80%
    Older End-of-Day Signals for OBE ...

       Recent Intraday Alerts

    Alert Time
    Rose Above 50 DMA about 9 hours ago
    50 DMA Resistance about 10 hours ago
    3x Volume Pace about 14 hours ago
    2x Volume Pace about 14 hours ago
    Down 1% about 14 hours ago
    View Earlier Intraday Alerts

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    OBE Chart by TradingView
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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 Crude Oil Integrated 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: 0 bullish, 1 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Jul 25 Obsidian Energy Announces Date of Second Quarter 2024 Results
    Jun 26 Obsidian Energy Announces Closing of Peace River Acquisition
    Jun 13 Obsidian (OBE) Resumes Production at Harmon Valley South Field
    Jun 12 Canadian First Nation agrees with Obsidian Energy's drilling expansion plans
    Jun 11 Obsidian Energy Announces Agreement with the Woodland Cree First Nation
    Jun 3 Zacks Industry Outlook Highlights Canadian Natural Resources, Ovintiv and Obsidian Energy
    May 31 3 Stocks in the Canadian Upstream Industry Worth Some Thought
    May 29 Obsidian Energy Maintained at Buy at Stifel FirstEnergy Following Acquisition; Price Target Kept at C$14.00
    May 29 Obsidian Energy Announces Peace River Acquisition and Increased 2024 Average Production Guidance
    May 28 Obsidian Energy Announces 2024 Development Program Results Above Expectations
    See more OBE news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 12.37
    52 Week Low 8.42
    Average Volume 172,361
    200-Day Moving Average 10.206
    50-Day Moving Average 10.098
    20-Day Moving Average 10.251
    10-Day Moving Average 10.164
    Average True Range 0.264
    RSI (14) 48.19
    ADX 10.28
    +DI 16.175
    -DI 21.697
    Chandelier Exit (Long, 3 ATRs) 9.928
    Chandelier Exit (Short, 3 ATRs) 10.512
    Upper Bollinger Bands 10.659
    Lower Bollinger Band 9.843
    Percent B (%b) 0.34
    BandWidth 7.964
    MACD Line -0.038
    MACD Signal Line -0.012
    MACD Histogram -0.0261
    Fundamentals Value
    Market Cap 743.95 Million
    Num Shares 73.5 Million
    EPS -4.96
    Price-to-Earnings (P/E) Ratio -2.04
    Price-to-Sales 0.13
    Price-to-Book 0.13
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 10.510
    Resistance 3 (R3) 10.473 10.307 10.445
    Resistance 2 (R2) 10.307 10.207 10.325 10.423
    Resistance 1 (R1) 10.213 10.146 10.260 10.250 10.402
    Pivot Point 10.047 10.047 10.070 10.065 10.047
    Support 1 (S1) 9.953 9.947 10.000 9.990 9.838
    Support 2 (S2) 9.787 9.886 9.805 9.817
    Support 3 (S3) 9.693 9.787 9.795
    Support 4 (S4) 9.730