Stronger Sell Today OBE ranks #3222 as SELL CANDIDATE. Weaker Sell
Today OBE ranks #3222 as SELL CANDIDATE.

OBE stock Obsidian Energy Ltd.

OBE stock
Obsidian Energy Ltd.

March 20, 2019
Change 1.59%
Chart period: 2018-12-21 - 2019-03-20
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will OBE stock price go up or down on Thu, 21 Mar 2019?

Obsidian Energy Ltd. Forecast and Stock Analysis

Technical OBE stock analysis for March 20, 2019.

Sell candidate since 2019-01-24 Loss -34.69%
Shorts 11.42% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 3.64
ROA -12.99

Obsidian Energy Ltd. gained 1.59% in the last trading day, rising from $0.29 to $0.29 The price has fallen in 7 of the last 10 days and is down by -17.27% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.74 million more shares were traded than the day before. In total, 3.89 million shares bought and sold for approximately $1.15 million.

Close price at the end of the last trading day (Wednesday, 20th Mar 2019) of the OBE stock was $0.29. This is 1.59% more than the trading day before Tuesday, 19th Mar 2019.

During day the stock fluctuated 3.14% from a day low at $0.29 to a day high of $0.30.

30 day high of the OBE stock price was $0.40 and low was $0.28.
90 day high was $0.55 and low was $0.28.
52 week high for the Obsidian Energy Ltd. - $1.24 and low - $0.28.

Trend

Obsidian Energy Ltd. lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -29.58% during the next 3 months and, with 90% probability hold a price between $0.13 and $0.27 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Tuesday March 19, 2019, which indicates further gains until a new top pivot has been found. Obsidian Energy Ltd. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Obsidian Energy Ltd. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.30 and $0.35. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

RSI14 is 31 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Obsidian Energy Ltd. finds support from accumulated volume at $0.29.

Support: $0.29 Price: $0.29 Resistance: $0.29

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.01 between high and low, or 3.14%. For the last week, the stock has had a daily average volatility of 4.24%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

Obsidian Energy Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Stronger Sell Today OBE ranks #3222 as SELL CANDIDATE. Weaker Sell
Today OBE ranks #3222 as SELL CANDIDATE.