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Downtrend Broken Resist.Archive
- 6/13/2025 -
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Devon Energy Corp. (DVN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Devon Energy Corp. (DVN). During the week, the DVN gained 2.82 points, or 8.73%, and closed at 35.11 on Friday, June 13, 2025. It was the best weekly gain since February 21, 2025. Weekly volume was -8% below 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 33.05 and resistance is at 39.24. 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 (21.93) 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 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. The price is now at the 9.14% retracement level.
 Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range 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 price touches the upper Bollinger Band. 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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