DEVON ENERGY CORP (DVN) Technical Analysis
NYSE:DVN • US25179M1036
Current stock price
DVN Technical Rating and Analysis
Taking everything into account, DVN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DVN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DVN is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by DVN over the past year are nicely spread over this period.
- DVN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DVN is lagging the market slightly.
- DVN has an average volume of 14961500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DVN is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, DVN did better than 64% of them.
- In the last month DVN has a been trading in the 41.92 - 52.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DVN Weekly and Daily overview Charts
DVN Setup Rating and Analysis
DVN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 46.53, a Stop Loss order could be placed below this zone.
More info and screens
DVN Support and Resistance Analysis
31.43
6 important support areas can be observed.
- A support zone ranging from 44.94 to 46.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.22 to 44.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.14 from a trend line in the daily time frame.
- Support @35.25 from a trend line in the weekly time frame.
- Support @33.74 from a trend line in the weekly time frame.
- Support @31.75 from a horizontal line in the daily time frame.
DVN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DVN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DVN is up. |
| ChartMill Relative Strength | 86.77 | POSITIVE | DVN has a high relative strength, it outperformed 86.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DVN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DVN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DVN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.41 | NEUTRAL | The RSI value for DVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests DVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.58 | NEUTRAL | The Stochastics value for DVN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for DVN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.14 | NEUTRAL | The ADX value for DVN suggests a possible start of a new trend. |
DVN Chart- and CandleStick Pattern Analysis
DVN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.65 | 44.93 | 3.72 (7.65%) | 13.08% |
| An entry @48.65. This is a Buy Stop order right above the 10 day high. | An exit @44.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.72 points, which is 7.65%. | When investing 13.08% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DVN Technicals: Chart, Performance Metrics, Trend & Indicators
47.94
-0.21 (-0.44%)
DEVON ENERGY CORP / DVN TA FAQ
What is the technical rating for DVN stock?
ChartMill assigns a technical rating of 9 / 10 to DVN.
What is the current trend direction of DEVON ENERGY CORP (DVN) stock?
The current trend direction for DEVON ENERGY CORP (DVN) is Bullish.
What is the RSI signal for DVN stock?
DEVON ENERGY CORP (DVN) has an RSI value of 54.4095. This indicates that the stock is currently neutral.
What is the buy/sell signal for DEVON ENERGY CORP (DVN) stock?
The buy/sell signal for DEVON ENERGY CORP (DVN) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DEVON ENERGY CORP (DVN) stock?
DEVON ENERGY CORP (DVN) has a support level at 46.53. Check the full technical report for our detailed analysis of DVN support and resistance levels.