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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - DVNArchive
- 10/2/2026 -
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Devon Energy Corp. (DVN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Devon Energy Corp. (DVN). During the week, the DVN gained 0.60 points, or 1.28%, and closed at 47.65 on Friday, October 2, 2026. Weekly volume was -24% below 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 (6.15) 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 July 2, 2026 at 40.00 and reached 51.70 on September 14, 2026. DVN gained -11.70 points, or -29.25%, in 10 weeks. The price is now at the 34.62% retracement level.
 Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 28, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 14, 2026 at 51.70 and reached 45.56 on September 29, 2026. DVN lost 6.14 points, or 11.88%, in 15 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 44.72 and resistance is at 48.53. 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 short-term trend.
 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. 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 daily MACD line is below its signal line since September 15, 2026. This is an indication that the short-term trend is down.
The price is close to the moving average in the center of the Bollinger Bands. 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.
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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 |
11 |
| Industry |
Oil & Gas Exploration & Production |
100 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
45.56 |
| Low Date |
09/29/2026 |
| High |
47.71 |
| High Date |
10/02/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
48.53 |
| Support |
44.72 |
| High |
51.70 |
| High Date |
09/14/2026 |
| Low |
45.56 |
| Low Date |
09/29/2026 |
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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 |
40.00 |
| Low Date |
07/02/2026 |
| High |
51.70 |
| High Date |
09/14/2026 |
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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 |
23.01 |
| Support |
6.15 |
| High |
79.40 |
| High Date |
06/09/2022 |
| Low |
25.89 |
| Low Date |
04/09/2025 |
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