Technical Analysis for OBE - Obsidian Energy Ltd.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 7.91 | -1.25% | -0.10 |
OBE closed down 1.25 percent on Wednesday, May 8, 2024, on 56 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| MACD Bearish Centerline Cross | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Crossed Above 50 DMA | Bullish | -1.25% | |
| Outside Day | Range Expansion | -1.25% | |
| Oversold Stochastic | Weakness | -1.25% | |
| Fell Below 50 DMA | Bearish | -0.63% | |
| Gapped Up | Strength | -0.63% | |
| Oversold Stochastic | Weakness | -0.63% |
| Alert | Time |
|---|---|
| Possible NR7 | about 18 hours ago |
| 50 DMA Resistance | about 21 hours ago |
| 50 DMA Support | about 22 hours ago |
| 60 Minute Opening Range Breakout | about 22 hours ago |
| Fell Below 50 DMA | about 23 hours ago |
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Basic chart:
- Earnings date: 05/02/2024
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Properties Western Canadian Sedimentary Basin Canadian Natural Resources
Classification
Sector: Energy
Industry: Oil & Gas E&P
Keywords: Natural Gas Properties Western Canadian Sedimentary Basin Canadian Natural Resources
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 9.065 |
| 52 Week Low | 5.3477 |
| Average Volume | 421,799 |
| 200-Day Moving Average | 7.46 |
| 50-Day Moving Average | 8.02 |
| 20-Day Moving Average | 8.34 |
| 10-Day Moving Average | 8.35 |
| Average True Range | 0.28 |
| RSI (14) | 41.86 |
| ADX | 22.93 |
| +DI | 18.72 |
| -DI | 27.90 |
| Chandelier Exit (Long, 3 ATRs) | 8.23 |
| Chandelier Exit (Short, 3 ATRs) | 8.65 |
| Upper Bollinger Bands | 9.02 |
| Lower Bollinger Band | 7.66 |
| Percent B (%b) | 0.18 |
| BandWidth | 16.28 |
| MACD Line | -0.02 |
| MACD Signal Line | 0.09 |
| MACD Histogram | -0.1072 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.17 | ||||
| Resistance 3 (R3) | 8.19 | 8.14 | 8.12 | ||
| Resistance 2 (R2) | 8.14 | 8.07 | 8.12 | 8.11 | |
| Resistance 1 (R1) | 8.02 | 8.03 | 8.00 | 8.00 | 8.09 |
| Pivot Point | 7.97 | 7.97 | 7.95 | 7.95 | 7.97 |
| Support 1 (S1) | 7.85 | 7.90 | 7.83 | 7.83 | 7.73 |
| Support 2 (S2) | 7.80 | 7.86 | 7.78 | 7.71 | |
| Support 3 (S3) | 7.68 | 7.80 | 7.70 | ||
| Support 4 (S4) | 7.66 |
