|
|
|
|
Oil & Gas Exploration & Production Industry Stocks Technical Analysis - DVNArchive
- 11/8/2024 -
Sign In to see current Signals. |
Devon Energy Corp. (DVN) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the Devon Energy Corp. (DVN). During the week, the DVN gained 0.55 points, or 1.44%, and closed at 38.87 on Friday, November 8, 2024. Weekly volume was 60% 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 37.77 on September 26, 2024. DVN lost 41.63 points, or 52.43%, in 120 weeks. Price is near the trend low.
 Medium-term trend: [See DVN medium-term trend chart]
A medium-term downtrend had started on April 12, 2024 at 55.09 and reached 37.77 on September 26, 2024. DVN lost 17.32 points, or 31.44%, in 23 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 34.73 and resistance is at 41.07. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 31, 2024. 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 October 28, 2024 at 37.97 and reached 40.54 on November 6, 2024. DVN gained -2.57 points, or -6.77%, in 9 days. The price is now at the 64.98% retracement level.
 Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
3 |
| Industry |
Oil & Gas Exploration & Production |
22 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
37.97 |
| Low Date |
10/28/2024 |
| High |
40.54 |
| High Date |
11/06/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
37.97 |
| Low Date |
10/28/2024 |
| High |
40.54 |
| High Date |
11/06/2024 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
43.29 |
| High Date |
10/11/2024 |
| Low |
37.97 |
| Low Date |
10/28/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
41.07 |
| Support |
34.73 |
| High |
55.09 |
| High Date |
04/12/2024 |
| Low |
37.77 |
| Low Date |
09/26/2024 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
79.40 |
| High Date |
06/09/2022 |
| Low |
37.77 |
| Low Date |
09/26/2024 |
|
|