DEVON ENERGY CORP (DVN) Stock Technical Analysis
USA - NYSE:DVN - US25179M1036 - Common Stock
35.01 USD
-0.4 (-1.13%)
35.0989 USD
+0.09 (+0.25%)
We assign a technical rating of 6 out of 10 to DVN. In the last year, DVN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
81% of all other stocks performed better in the past year than DVN.
DVN is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 60% of 210 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month DVN has a been trading in the 33.30 - 36.57 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DVN has an average volume of 7241890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DVN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DVN is lagging the market.
DVN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 34.15, a Stop Loss order could be placed below this zone.
More info and screens
29.95
36.79
3 important support areas can be observed.
- A support zone ranging from 33.85 to 34.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.81 to 32.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.15 to 35.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.11 to 36.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for DVN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DVN is up. |
| ChartMill Relative Strength | 19.05 | NEGATIVE | DVN has a low relative strength, it was outperformed by 80.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DVN is below 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) | DOWN | MIXED | The current price of DVN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.47 | NEUTRAL | The RSI value for DVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests DVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.38 | NEUTRAL | The Stochastics value for DVN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for DVN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.66 | NEUTRAL | The ADX value for DVN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 35.39 | 33.84 | 1.55 (4.38%) | 22.83% |
| An entry @35.39. This is a Buy Stop order right above the resistance zone. | An exit @33.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.55 points, which is 4.38%. | When investing 22.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DVN. Please evaluate whether better entry and exit points can be found.
- 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.
35.01
-0.4 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.13%
1 Week-0.79%
2 Weeks-1.6%
1 Month3.64%
3 Month2.1%
6 Month-3.15%
12 Month-14.17%
2 Year-26.6%
3 Year-41.78%
5 Year270.09%
10 Year-5.61%
15 Year-45.92%
Volatility
ATR(14)1.06
ATR(20)%2.92%
ATR Inc20.31%
Range Today0.87
ADR(20)0.97
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.05
Mansfield-0.97
10 Day High35.89
10 Day Low33.73
20 Day High36.57
20 Day Low33.31
52 Week High43.3
52 Week Low25.89
CS1 End34.15
CR1 Start35.15
Volume & EV
DER(3)0.11%
DER(5)-2.27%
Volume6.10M
Volume Incr16.14%
Vol(5)7.58M
Vol(50)7.24M