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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - DVNArchive
- 6/20/2025 -
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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 the negative week for the Devon Energy Corp. (DVN). During the week, the DVN dropped -0.82 points, or -2.34%, and closed at 34.29 on Friday, June 20, 2025. Weekly volume was 34% 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 32.96 and resistance is at 39.02. 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 downtrend had started on April 12, 2024 at 55.09 and reached 25.89 on April 9, 2025. DVN lost 29.20 points, or 53.00%, in 51 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (21.63) 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 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. 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 May 30, 2025 at 30.24 and reached 35.60 on June 13, 2025. DVN gained -5.36 points, or -17.72%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 5, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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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 |
5 |
| Industry |
Oil & Gas Exploration & Production |
55 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
35.60 |
| High Date |
06/13/2025 |
| Low |
33.76 |
| Low Date |
06/20/2025 |
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| Weekly 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 |
30.24 |
| Low Date |
05/30/2025 |
| High |
35.60 |
| High Date |
06/13/2025 |
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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 |
35.60 |
| High Date |
06/13/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
32.59 |
| Support |
21.63 |
| High |
55.09 |
| High Date |
04/12/2024 |
| Low |
25.89 |
| Low Date |
04/09/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
39.02 |
| Support |
32.96 |
| High |
79.40 |
| High Date |
06/09/2022 |
| Low |
25.89 |
| Low Date |
04/09/2025 |
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