|
|
Advanced TA SearchArchive
- 4/19/2024 -
Sign In to see current Signals. |
Devon Energy Corp. (DVN) Technical Analysis
|
 |
| 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 -1.59 points, or -2.98%, and closed at 51.83 on Friday, April 19, 2024. It was the worst weekly loss since January 19, 2024. 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 40.47 on February 5, 2024. DVN lost 38.93 points, or 49.03%, in 86 weeks. The price is now at the 29.18% retracement level.
 Medium-term trend: [See DVN medium-term trend chart]
A medium-term uptrend had started on February 5, 2024 at 40.47 and reached 55.09 on April 12, 2024. DVN gained -14.62 points, or -36.13%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 51.07 and resistance is at 56.59. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since February 16, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 April 12, 2024 at 55.09 and reached 51.23 on April 18, 2024. DVN lost 3.86 points, or 7.01%, in 6 days. The price is now at the 15.54% retracement level.
 Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
| |
|
|