DEVON ENERGY CORP (DVN) Stock Technical Analysis
NYSE:DVN - New York Stock Exchange, Inc. - US25179M1036 - Common Stock - Currency: USD
Taking everything into account, DVN scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. DVN was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
84% 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. 74% of 211 stocks in the same industry do better.
DVN has an average volume of 8238020 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.
In the last month DVN has a been trading in the 31.32 - 35.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DVN has a poor technical rating and the quality of the setup is also only medium 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
29.95
39.77
We found 3 important support areas.
- A support zone ranging from 32.82 to 33.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.71 from a trend line in the weekly time frame.
- A support zone ranging from 30.25 to 30.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @34.21 from a trend line in the weekly time frame.
- A resistance zone ranging from 35.12 to 35.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @36.64 from a trend line in the daily time frame.
- Resistance @38.43 from a horizontal line in the daily time frame.
- Resistance @39.38 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for DVN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DVN is neutral. |
| ChartMill Relative Strength | 16.13 | NEGATIVE | DVN has a low relative strength, it was outperformed by 83.87% 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) | DOWN | NEGATIVE | The current price of DVN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.44 | NEUTRAL | The RSI value for DVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests DVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.75 | 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) | 16.47 | NEGATIVE | The low ADX value for DVN suggests a weak or negative 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)
33.41
+0.76 (+2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.33%
1 Week3.98%
2 Weeks-3.75%
1 Month4.37%
3 Month13.99%
6 Month-1.53%
12 Month-28.96%
2 Year-38.13%
3 Year-46.84%
5 Year218.49%
10 Year-32.4%
15 Year-46.54%
Volatility
ATR(14)0.98
ATR(20)%2.92%
ATR Inc23.9%
Range Today0.93
ADR(20)0.91
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.13
Mansfield-1.62
10 Day High35.42
10 Day Low31.49
20 Day High35.6
20 Day Low31.32
52 Week High49.35
52 Week Low25.89
CS1 End32.1
CR1 Start35.12
Volume & EV
DER(3)0.85%
DER(5)1.44%
Volume6.85M
Volume Incr-29.92%
Vol(5)6.50M
Vol(50)8.24M