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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - DVNArchive
- 8/8/2025 -
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Devon Energy Corp. (DVN) Technical Analysis
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| Summary:
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| | It was a first positive week for the Devon Energy Corp. (DVN). During the week, the DVN gained 1.14 points, or 3.55%, and closed at 33.28 on Friday, August 8, 2025. It was the best weekly gain since June 13, 2025. Weekly volume was 22% 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 Wedge chart pattern. The trend support level is at 32.26 and resistance is at 37.12. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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 35.60 on June 13, 2025. DVN gained -9.71 points, or -37.50%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 31.79 and resistance is at 36.15. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. 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 August 5, 2025 at 31.65 and reached 33.86 on August 6, 2025. DVN gained -2.21 points, or -6.98%, in 1 days. The price is now at the 26.24% retracement level.
Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since July 31, 2025. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 8.05% on Friday. It is 54.50% lower than one year average. It indicates the period of low volatility of the stock price. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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