DEVON ENERGY CORP (DVN) Stock Technical Analysis
NYSE:DVN • US25179M1036
Overall DVN gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, DVN did better than 84% of all other stocks.
- DVN is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. DVN outperforms 76% of them.
- DVN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DVN has a been trading in the 35.98 - 45.02 range, which is quite wide. It is currently trading near the high of this range.
- DVN has an average volume of 9766460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
31.49
We found 5 important support areas.
- A support zone ranging from 43.22 to 43.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @35.76 from a trend line in the daily time frame.
- A support zone ranging from 33.95 to 34.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.78 from a trend line in the daily time frame.
- A support zone ranging from 31.81 to 32.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.67 to 44.97. 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 | 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 | 84.48 | POSITIVE | DVN has a high relative strength, it outperformed 84.48% 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) | 72.36 | OVERBOUGHT | The high RSI value suggests DVN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests DVN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.65 | OVERBOUGHT | The high Stochastics value suggests DVN may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for DVN suggests some volalility. |
| Average Directional Index/ADX (14) | 38.92 | POSITIVE | The high ADX value value for DVN suggests a strong trend. |
44.66
+0.7 (+1.59%)
DEVON ENERGY CORP / DVN 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.
Can you provide the RSI signal for DEVON ENERGY CORP?
DEVON ENERGY CORP (DVN) has an RSI value of 72.3561. This indicates that the stock is currently overbought.
What is the MACD signal for DVN stock?
The MACD indicator for DEVON ENERGY CORP (DVN) has a value of 0.321907, indicating a bearish trend.
What are the support and resistance levels for DEVON ENERGY CORP (DVN) stock?
DEVON ENERGY CORP (DVN) has a support level at 43.47 and a resistance level at 44.67. Check the full technical report for our detailed analysis of DVN support and resistance levels.