Technical Analysis for OBE - Obsidian Energy Ltd.

Grade Last Price % Change Price Change
B 9.750 1.35% 0.130
OBE closed up 1.35 percent on Friday, March 1, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
New Uptrend Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup 1.35%

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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.

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Energy Oil Oil And Gas Natural Gas Water Petroleum 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


Indicator Value
52 Week High 12.08
52 Week Low 7.05
Average Volume 133,218
200-Day Moving Average 9.409
50-Day Moving Average 9.086
20-Day Moving Average 9.121
10-Day Moving Average 9.442
Average True Range 0.277
RSI (14) 63.50
ADX 26.3
+DI 34.259
-DI 11.611
Chandelier Exit (Long, 3 ATRs) 9.068
Chandelier Exit (Short, 3 ATRs) 9.412
Upper Bollinger Bands 9.845
Lower Bollinger Band 8.396
Percent B (%b) 0.93
BandWidth 15.894
MACD Line 0.157
MACD Signal Line 0.080
MACD Histogram 0.0766
Fundamentals Value
Market Cap 716.75 Million
Num Shares 73.5 Million
EPS -4.96
Price-to-Earnings (P/E) Ratio -1.97
Price-to-Sales 0.13
Price-to-Book 0.13
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.050
Resistance 3 (R3) 10.067 9.983 10.000
Resistance 2 (R2) 9.983 9.907 9.975 9.983
Resistance 1 (R1) 9.867 9.860 9.925 9.850 9.967
Pivot Point 9.783 9.783 9.813 9.775 9.783
Support 1 (S1) 9.667 9.707 9.725 9.650 9.533
Support 2 (S2) 9.583 9.660 9.575 9.517
Support 3 (S3) 9.467 9.583 9.500
Support 4 (S4) 9.450