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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - DVNArchive
- 8/21/2026 -
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Devon Energy Corp. (DVN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Devon Energy Corp. (DVN). During the week, the DVN gained 3.25 points, or 7.09%, and closed at 49.10 on Friday, August 21, 2026. It was the best weekly gain since May 15, 2026. Weekly volume was 19% above average.
DVN is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DVN long-term trend chart]
A long-term downtrend had started on June 9, 2022 at 79.40 and reached 25.89 on April 9, 2025. DVN lost 53.51 points, or 67.39%, in 147 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (7.66) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DVN may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See DVN medium-term trend chart]
A medium-term downtrend had started on March 30, 2026 at 52.71 and reached 40.00 on July 2, 2026. DVN lost 12.71 points, or 24.11%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (49.65). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 15, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See DVN short-term trend chart]
A short-term uptrend had started on July 2, 2026 at 40.00 and reached 49.72 on August 20, 2026. DVN gained -9.72 points, or -24.3%, in 49 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (44.07) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since August 7, 2026. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
12 |
| Industry |
Oil & Gas Exploration & Production |
107 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
42.04 |
| Low Date |
08/05/2026 |
| High |
49.72 |
| High Date |
08/20/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
45.18 |
| Support |
44.07 |
| Low |
40.00 |
| Low Date |
07/02/2026 |
| High |
49.72 |
| High Date |
08/20/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Test Resistance |
| Resistance |
49.65 |
| Support |
39.10 |
| High |
52.71 |
| High Date |
03/30/2026 |
| Low |
40.00 |
| Low Date |
07/02/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.89 |
| Low Date |
04/09/2025 |
| High |
52.71 |
| High Date |
03/30/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
24.52 |
| Support |
7.66 |
| High |
79.40 |
| High Date |
06/09/2022 |
| Low |
25.89 |
| Low Date |
04/09/2025 |
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