Stock Trend Analysis Report
Prepared for you on Sunday, April 2, 2023.
Obsidian Energy Ltd. (AMEX:OBE)
Bear Market Rally (-75) - OBE is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OBE as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OBE?
MarketClub looks at technical strength and momentum to determine if the timing is right for OBE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OBE
The long-term trend has been DOWN since Dec 9th, 2022 at 6.47
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 5.82
The short-term trend has been UP since Mar 28th, 2023 at 6.34
Smart Scan Analysis for OBE
Based on our trend formula, OBE is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).