Obsidian Energy Stock Technical Analysis
| OBE Stock | USD 5.71 0.13 2.33% |
As of the 29th of November, Obsidian Energy holds the Coefficient Of Variation of (987.97), variance of 7.89, and Risk Adjusted Performance of (0.07). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Obsidian Energy, as well as the relationship between them. Please check Obsidian Energy information ratio, and the relationship between the coefficient of variation and value at risk to decide if Obsidian Energy is priced some-what accurately, providing market reflects its current price of 5.71 per share. Given that Obsidian Energy has information ratio of (0.15), we recommend you to check out Obsidian Energy's recent market performance to make sure the company can sustain itself at a future point.
Obsidian Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Obsidian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ObsidianObsidian |
Obsidian Energy Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 10.92 | Buy | 4 | Odds |
Most Obsidian analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Obsidian stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Obsidian Energy, talking to its executives and customers, or listening to Obsidian conference calls.
Obsidian Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Obsidian Energy Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Obsidian Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Obsidian Energy Trend Analysis
Use this graph to draw trend lines for Obsidian Energy. You can use it to identify possible trend reversals for Obsidian Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Obsidian Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Obsidian Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Obsidian Energy applied against its price change over selected period. The best fit line has a slop of 0.0026 , which may imply that the returns on investment in Obsidian Energy will continue to fail. It has 122 observation points and a regression sum of squares at 0.25, which is the sum of squared deviations for the predicted Obsidian Energy price change compared to its average price change.About Obsidian Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Obsidian Energy on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Obsidian Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Obsidian Energy price pattern first instead of the macroeconomic environment surrounding Obsidian Energy. By analyzing Obsidian Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Obsidian Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Obsidian Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.12 | 0.088 | Price To Sales Ratio | 1.16 | 1.83 |
Obsidian Energy November 29, 2024 Technical Indicators
Most technical analysis of Obsidian help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Obsidian from various momentum indicators to cycle indicators. When you analyze Obsidian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.60) | |||
| Mean Deviation | 2.14 | |||
| Coefficient Of Variation | (987.97) | |||
| Standard Deviation | 2.81 | |||
| Variance | 7.89 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.61) | |||
| Maximum Drawdown | 13.07 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 3.76 | |||
| Skewness | 0.3281 | |||
| Kurtosis | 1.57 |
Complementary Tools for Obsidian Stock analysis
When running Obsidian Energy's price analysis, check to measure Obsidian Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Obsidian Energy is operating at the current time. Most of Obsidian Energy's value examination focuses on studying past and present price action to predict the probability of Obsidian Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Obsidian Energy's price. Additionally, you may evaluate how the addition of Obsidian Energy to your portfolios can decrease your overall portfolio volatility.
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