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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.

Open High Low OBE Price Change
9.47 9.66 9.46 9.64 +0.16
Entry Signal

MarketClub’s Trade Triangles for OBE

long term down The long-term trend has been DOWN since Dec 6th, 2023 at 9.73

intermediate term down The intermediate-term trend has been DOWN since Nov 7th, 2023 at 11.15

short term down 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).

Smart Scan Analysis for OBE
Strong Downtrend Sideways 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 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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