Obsidian Energy Ltd (OBE) Stock: What Does the Chart Say Friday?

Overall market sentiment has been down on Obsidian Energy Ltd (OBE) stock lately. OBE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Obsidian Energy Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on OBE!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With OBE Stock Today?

Obsidian Energy Ltd (OBE) stock is trading at $8.08 as of 10:58 AM on Friday, Sep 22, an increase of $0.40, or 5.21% from the previous closing price of $7.68. The stock has traded between $7.84 and $8.25 so far today. Volume today is high. So far 500,202 shares have traded compared to average volume of 384,957 shares. To screen for more stocks like Obsidian Energy Ltd click here.

More About Obsidian Energy Ltd

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale. Click Here to get the full Stock Report for Obsidian Energy Ltd stock.