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- 7/17/2026 -
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Devon Energy Corp. (DVN) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorLane's Stochastic is oversoldBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBullish Doji CandlestickThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Devon Energy Corp. (DVN). During the week, the DVN gained 1.60 points, or 3.79%, and closed at 43.83 on Friday, July 17, 2026. Weekly volume was -10% below average.

DVN is a member of Energy Sector. Energy is the second most oversold 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 (8.96) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DVN may retest the broken resistance line. It is considered to be a support 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 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 (52.89) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 weekly MACD line is below its signal line since May 15, 2026. The distance between MACD and the signal line is relatively high, but getting smaller. 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 July 2, 2026 at 40.00 and reached 44.22 on July 17, 2026. DVN gained -4.22 points, or -10.55%, in 15 days. The price is now at the 9.24% retracement level.

Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since July 7, 2026. This is an indication that the short-term trend is up.

During the last week, the price has moved above 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.

Candlestick pattern: [See DVN candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.15
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 81.24
Overbought
Greed/Fear Indicator (GFI) 76.80
Moving Average Converg./Diverg. (MACD) -0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.06
Williams' Percentage Range (W%R) 69.80
Lane's Stochastic (%D-Slow) 16.90
Oversold
Greed/Fear Indicator (GFI) 31.80
Moving Average Converg./Diverg. (MACD) 1.77
Trading Signals
Description Value Chart
Monthly Trendline Resistance 50.41
Upper Bollinger Band 45.08
50 Day Moving Average 44.52
Price 43.83
Daily Stochastic Crossing 43.70
20 Day Moving Average 42.37
Weekly Stochastic Crossing 41.69
Parabolic System 41.49
Lower Bollinger Band 40.88
Monthly Trendline Support 39.86
Sector and Industry
Description Name Rank
Sector Energy 2
Industry Oil & Gas Exploration & Production 21
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.20
Low Date 07/15/2026
High 44.22
High Date 07/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.00
Low Date 07/02/2026
High 44.22
High Date 07/17/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 50.41
Support 39.86
High 52.71
High Date 03/30/2026
Low 40.00
Low Date 07/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 58.94
Support 52.89
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 25.82
Support 8.96
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.