DEVON ENERGY CORP (DVN) Technical Analysis
NYSE:DVN • US25179M1036
Current stock price
DVN Technical Rating and Analysis
Taking everything into account, DVN scores 10 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.
- Looking at the yearly performance, DVN did better than 89% of all other stocks. On top of that, DVN also shows a nice and consistent pattern of rising prices.
- DVN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DVN is performing more or less in line with the market.
- DVN has an average volume of 14925000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DVN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 62% of 209 stocks in the same industry.
- In the last month DVN has a been trading in the 43.43 - 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
Although DVN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
DVN Support and Resistance Analysis
31.49
When analyzing the support we can see 6 important areas.
- Support @43.52 from a horizontal line in the weekly time frame.
- Support @42.61 from a horizontal line in the daily time frame.
- Support @37.40 from a trend line in the daily time frame.
- Support @34.86 from a trend line in the weekly time frame.
- Support @33.52 from a trend line in the weekly time frame.
- Support @31.81 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 | 89.17 | POSITIVE | DVN has a high relative strength, it outperformed 89.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DVN is above the rising 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) | 59.64 | NEUTRAL | The RSI value for DVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests DVN has a negative trend. |
| Stochastics (14,3) | 55.46 | NEUTRAL | The Stochastics value for DVN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for DVN suggests some volalility. |
| Average Directional Index/ADX (14) | 34.14 | POSITIVE | The high ADX value value for DVN suggests a strong trend. |
DVN Chart- and CandleStick Pattern Analysis
DVN Technicals: Chart, Performance Metrics, Trend & Indicators
49.49
+0.9 (+1.85%)
DEVON ENERGY CORP / DVN TA FAQ
What is the technical rating for DVN stock?
ChartMill assigns a technical rating of 10 / 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 59.6372. 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 43.52. Check the full technical report for our detailed analysis of DVN support and resistance levels.