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Downtrend Broken Resist.Archive
- 7/2/2026 -
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Devon Energy Corp. (DVN) Technical Analysis
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| Summary:
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| | It was the negative week for the Devon Energy Corp. (DVN). During the week, the DVN dropped -1.74 points, or -4.12%, and closed at 40.47 on Thursday, July 2, 2026. Weekly volume was 31% above 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 (9.48) 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 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 (52.04) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DVN may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 15, 2026. The distance between MACD and the signal line is near its high and getting bigger. 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 June 11, 2026 at 47.25 and reached 40.00 on July 2, 2026. DVN lost 7.25 points, or 15.34%, in 21 days. The price is now at the 6.48% retracement level.
 Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since May 20, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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