Obsidian Energy Ltd.

Stage 2 · Advancing · week 8

As of Oct 22, 2026, Obsidian Energy is in Stage 2, the uptrend phase, now in week 8 (since Sep 2, 2026). It closed at $11.57, 20.0% below its 52-week high and above its 200-day average, which is rising.

Obsidian Energy Ltd. engages in the exploration, development, and production of oil and natural gas in Western Canada. More about the company

$11.57

-2.69% today

$772M · Small cap

Market Neutral — Fading

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

—

Momentum

Steady

Edge

—

Setup-score rank among Stage 2 peers: #1 of 44 in Oil & Gas E&P · #1 of 120 in Energy

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S2 13w

S4 50w

S2 18w

S2 24w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S1 2w → S2 13w → S3 8w → S4 6w → S1 3w → S2 9w → S3 5w → S4 50w → S1 4w → S2 18w → S3 7w → S2 24w → S3 8w → S2 7w current

Total tracked: 165 weeks across 14 stage runs.

OBE among Oil & Gas E&P4th of 74 by relative strength

All 74 →

Stocks in Oil & Gas E&P ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	GTEGran Tierra Energy Inc.	Stage 2 · wk 9	98	+13.8%
2	BTEBaytex Energy Corp	Stage 2 · wk 7	97	+16.2%
3	APAAPA Corporation	Stage 2 · wk 10	96	+13.7%
4	OBEObsidian Energy Ltd.	Stage 2 · wk 8	95	+3.2%
5	CRTCross Timbers Royalty Trust	Stage 2 · wk 8	95	+15.6%
6	REPXRiley Exploration Permian, Inc.	Stage 2 · wk 8	95	+24.4%
7	PRPermian Resources Corporation Class A	Stage 2 · wk 11	95	+12.5%
8	SMSM Energy Company	Stage 2 · wk 9	94	+12.0%

vs 52W High

-20.0%

$5.52 lo$14.46 hi

20.0% below 52W high, deeper pullback

How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.

Stage Maturity

Week 8

1w13w26w

Week 8, early Stage 2

How long this stock has been in Stage 2. The sweet spot is mid-run: long enough to prove the structure holds, not so long that it's extended. Very fresh moves (weeks 1–4) often need more time to confirm.

vs 200 DMA

15.5%

200 DMA: $10.02 · rising

Long-term trend anchor. When the stock and the S&P 500 are both above their 200-day averages, the backdrop supports continuation.

Rel Volume

1.13x

vs 50-day avg

Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

+3.2%

+9.3%

-9.4%

YTD

+83.9%

+105.5%

Scan Membership

Breakout Watch

Latest: 2024-04-03

7 appearances in last 60 days. First seen: 2020-12-14.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S2

Wk 8 · Vol 1.13x

2026-10-21S2

Wk 7 · Vol 1.00x

2026-10-20S2

Wk 7 · Vol 0.99x

2026-10-19S2

Wk 7 · Vol 0.64x

2026-10-16S2

Wk 7 · Vol 0.90x

2026-10-15S2

Wk 7 · Vol 0.75x

2026-10-14S2

Wk 6 · Vol 1.14x

2026-10-13S2

Wk 6 · Vol 0.76x

2026-10-12S2

Wk 6 · Vol 0.34x

2026-10-09S2

Wk 6 · Vol 0.60x

2026-10-08S2

Wk 6 · Vol 0.77x

2026-10-07S2

Wk 5 · Vol 0.82x

Moving averages & range

50 DMA

$11.50

200 DMA

$10.02

52W High

$14.46

52W Low

$5.52

5D Low

$11.57

Resistance levels (recent highs)

20d High

$12.09

60d High

$12.97

120d High

$14.46

250d High

$14.46

Next resistance

+4.5%

to 20d High

P/E (TTM)

38.6

Forward 5.8

Earnings Growth (YoY)

+190.5%

Revenue +41.7%

ROE

+2.0%

Profit margin +5.1%

Dividend Yield

0.00%

P/B 0.8

Obsidian Energy: quick answers

What stage is Obsidian Energy in?

As of Oct 22, 2026, Obsidian Energy (OBE) is in Stage 2, the uptrend phase. It entered Stage 2 on Sep 2, 2026 and is in week 8. What the four stages mean

Is Obsidian Energy in an uptrend?

Yes. Obsidian Energy is in a Stage 2 uptrend. It trades 15.5% above its 200-day average, which is rising.

How far is Obsidian Energy from its 52-week high?

Obsidian Energy closed at $11.57 on Oct 22, 2026, 20.0% below its 52-week high of $14.46. Its 52-week low is $5.52.

How has Obsidian Energy performed over the past year?

As of Oct 22, 2026, Obsidian Energy is up 105.5% over the past year and up 83.9% so far in 2026.

Which sector and industry is Obsidian Energy in?

Obsidian Energy is in the Oil & Gas E&P industry, part of the Energy sector.

About this companyEnergy· Oil & Gas E&P

Obsidian Energy Ltd. engages in the exploration, development, and production of oil and natural gas in Western Canada. Its portfolio of properties includes unitized and non-unitized light oil, heavy oil, and natural gas production. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.