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Stock Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Obsidian Energy Ltd (TSE:OBE)
Long-Term Downtrend (-90) - OBE is in a strong downtrend that is likely to continue. While OBE is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for OBE
The long-term trend has been DOWN since Dec 6th, 2023 at 9.73
The intermediate-term trend has been DOWN since Nov 7th, 2023 at 11.15
The short-term trend has been DOWN since Dec 4th, 2023 at 10.02
Smart Scan Analysis for OBE
Based on our trend formula, OBE is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.47 | 9.66 | 9.46 | 9.64 | +0.16 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.64 | 176931 | 2023-12-08 15:59:10 |
| Year High | 1.7 | Year High Date | 2018-01-03 |
| Year Low | 0.62 | Year Low Date | 2018-11-28 |
| 52wk High | 1.72 | 52wk High Date | 2017-12-01 |
| 52wk Low | 0.62 | 52wk Low Date | 2018-11-28 |
| Average Volume | 320,394 | Volatility | 81.18 |