DEVON ENERGY CORP (DVN) Stock Technical Analysis
USA - NYSE:DVN - US25179M1036 - Common Stock
Taking everything into account, DVN scores 0 out of 10 in our technical rating. DVN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
DVN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 33.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.43, a Stop Loss order could be placed below this zone.
More info and screens
31.41
We found 1 important support area.
- A support zone ranging from 31.73 to 32.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 33.53 to 33.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.91 to 37.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 37.92 to 37.95. 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 | DOWN | NEGATIVE | The long term trend for DVN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DVN is down. |
| ChartMill Relative Strength | 21.25 | NEGATIVE | DVN has a low relative strength, it was outperformed by 78.75% 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) | DOWN | NEGATIVE | The current price of DVN is below a declining 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) | 44.46 | NEUTRAL | The RSI value for DVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DVN has a positive trend. |
| Stochastics (14,3) | 29.48 | NEUTRAL | The Stochastics value for DVN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for DVN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for DVN suggests a weak or negative trend. |
32.49
+0.48 (+1.5%)
DEVON ENERGY CORP / DVN FAQ
What is the technical rating for DVN stock?
ChartMill assigns a technical rating of 0 / 10 to DVN.
What is the trend direction for DVN stock?
The current trend direction for DEVON ENERGY CORP (DVN) is Bearish.
Can you provide the RSI signal for DEVON ENERGY CORP?
DEVON ENERGY CORP (DVN) has an RSI value of 44.4645. This indicates that the stock is currently neutral.
What is the MACD signal for DEVON ENERGY CORP (DVN) stock?
The MACD indicator for DEVON ENERGY CORP (DVN) has a value of 0.00420509, indicating a bearish trend.
Can you provide the support and resistance levels for DEVON ENERGY CORP?
DEVON ENERGY CORP (DVN) has a support level at 32.43 and a resistance level at 33.53. Check the full technical report for our detailed analysis of DVN support and resistance levels.