DEVON ENERGY CORP (DVN) Technical Analysis
NYSE:DVN • US25179M1036
Current stock price
47.12 USD
+1.52 (+3.33%)
At close:
47.17 USD
+0.05 (+0.11%)
After Hours:
DVN Technical Rating and Analysis
Overall DVN gets a technical rating of 8 out of 10. In the last year, DVN was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that DVN is one of the better performing stocks in the market, outperforming 85% 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 14829100 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 61% of 209 stocks in the same industry.
- 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, but the quality of the setup is 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
DVN Support and Resistance Analysis
31.43
47.59
5 important support areas can be observed.
- A support zone ranging from 44.22 to 45.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.04 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 | NEUTRAL | NEUTRAL | The short term trend for DVN is neutral. |
| ChartMill Relative Strength | 85.83 | POSITIVE | DVN has a high relative strength, it outperformed 85.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DVN is below 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) | 51.14 | NEUTRAL | The RSI value for DVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests DVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.06 | NEUTRAL | The Stochastics value for DVN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for DVN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for DVN suggests a possible start of a new trend. |
DVN Chart- and CandleStick Pattern Analysis
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)
DVN Technicals: Chart, Performance Metrics, Trend & Indicators
47.12
+1.52 (+3.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.33%
1 Week4.18%
2 Weeks-1.65%
1 Month-6.27%
3 Month21.95%
6 Month42.92%
12 Month50.3%
2 Year-7.93%
3 Year-11.81%
5 Year101.54%
10 Year35.87%
15 Year-48.22%
Volatility
ATR(14)1.82
ATR(20)%3.87%
ATR Inc-28.42%
Range Today1.34
ADR(20)1.57
ADR(20)%3.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.83
3 months CRS91.79
6 months CRS93.12
Mansfield1.65
10 Day High49.11
10 Day Low41.92
20 Day High52.71
20 Day Low41.92
52 Week High52.71
52 Week Low29.7
CS1 End45.33
CR1 StartN/A
Volume & EV
DER(3)-1.18%
DER(5)-1.04%
Volume12.72M
Volume Incr-24.91%
Vol(5)12.87M
Vol(50)14.83M
DEVON ENERGY CORP / DVN TA FAQ
What is the technical rating for DVN stock?
ChartMill assigns a technical rating of 8 / 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 51.1446. This indicates that the stock is currently neutral.
What are the support and resistance levels for DEVON ENERGY CORP (DVN) stock?
DEVON ENERGY CORP (DVN) has a support level at 45.33. Check the full technical report for our detailed analysis of DVN support and resistance levels.