The Greedy Trader Weekly Analysis
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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - DVN

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- 6/18/2026 -
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Devon Energy Corp. (DVN) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price touches the lower Bollinger Band
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It was the negative week for the Devon Energy Corp. (DVN). During the week, the DVN dropped -3.19 points, or -7.04%, and closed at 42.12 on Thursday, June 18, 2026. Weekly volume was 104% above average.

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 (9.94) is broken. A broken support is considered to be a long-term bullish signal. 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 uptrend had started on April 9, 2025 at 25.89 and reached 52.71 on March 30, 2026. DVN gained -26.82 points, or -103.59%, in 50 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (51.27) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DVN may retest the broken support line. It is considered to be a resistance 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 support 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. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See DVN short-term trend chart]
A short-term downtrend had started on June 11, 2026 at 47.25 and reached 41.52 on June 18, 2026. DVN lost 5.73 points, or 12.13%, in 7 days. The price is now at the 10.47% retracement level.

Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 below its signal line since May 20, 2026. This is an indication that the short-term trend is down.

The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.58
Williams' Percentage Range (W%R) 91.70
Strong Oversold
Lane's Stochastic (%D-Slow) 18.36
Oversold
Greed/Fear Indicator (GFI) 22.74
Moving Average Converg./Diverg. (MACD) -0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.60
Williams' Percentage Range (W%R) 76.30
Lane's Stochastic (%D-Slow) 36.04
Greed/Fear Indicator (GFI) 34.02
Moving Average Converg./Diverg. (MACD) 2.73
Trading Signals
Description Value Chart
Upper Bollinger Band 47.81
50 Day Moving Average 46.61
20 Day Moving Average 44.91
Parabolic System 44.90
Weekly Stochastic Crossing 44.53
Price 42.12
Daily Stochastic Crossing 42.09
Lower Bollinger Band 42.06
Sector and Industry
Description Name Rank
Sector Energy 6
Industry Oil & Gas Exploration & Production 34
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.25
High Date 06/11/2026
Low 41.52
Low Date 06/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.95
High Date 05/05/2026
Low 41.52
Low Date 06/18/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.71
High Date 03/30/2026
Low 41.52
Low Date 06/18/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 57.32
Support 51.27
Low 25.89
Low Date 04/09/2025
High 52.71
High Date 03/30/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 26.80
Support 9.94
High 79.40
High Date 06/09/2022
Low 25.89
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.