OBSIDIAN ENERGY Technical Analysis (NYSE:OBE)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The OBSIDIAN ENERGY stock price data and volume are plotted in OBE stock charts and these trading charts form the basis of technical analysis.
See OBSIDIAN ENERGY bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of OBSIDIAN ENERGY stock analysis.
OBSIDIAN ENERGY Moving Average
Moving averages show the average price of OBE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $1.12 is above the last closing price of $1.07 and the 50 day moving average of $1.14 is above the last closing price of $1.07. The 10 and 20 day periods can predict short term moving average trends.
OBSIDIAN ENERGY Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like OBSIDIAN ENERGY. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. OBSIDIAN ENERGY bollinger bands show that the stock price is $1.07, upper band is 1.19, lower band is 1.05, and the average is 1.12.
OBSIDIAN ENERGY Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The OBSIDIAN ENERGY MACD indicator is below 0 indicating a bearish trend.
OBSIDIAN ENERGY Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of OBE stock is 48.57.