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Stock Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Obsidian Energy Ltd (TSE:OBE)

Sidelines Mode (+55) - OBE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open High Low OBE Price Change
10.01 10.03 9.80 9.87 -0.10
Entry Signal

MarketClub’s Trade Triangles for OBE

long term up The long-term trend has been UP since Mar 15th, 2024 at 10.50

intermediate term down The intermediate-term trend has been DOWN since May 2nd, 2024 at 10.92

short term up The short-term trend has been UP since Jun 18th, 2024 at 9.98

Smart Scan Analysis for OBE

Based on our trend formula, OBE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for OBE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.01 10.03 9.80 9.87 -0.10
Prev. Close Volume Bid Ask Time
9.86 136695 2024-06-21 15:59:34
Year High1.7Year High Date2018-01-03
Year Low0.62Year Low Date2018-11-28
52wk High1.7252wk High Date2017-12-01
52wk Low0.6252wk Low Date2018-11-28
Average Volume320,394Volatility81.18
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