Technical Analysis for DVN - Devon Energy Corporation

Grade Last Price % Change Price Change
C 49.33 -0.77% -0.39
DVN closed down 0.24 percent on Wednesday, May 15, 2024, on 85 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish -0.77%
Lizard Bullish Bullish Day Trade Setup -0.77%
Doji - Bullish? Reversal -0.77%
Down 3 Days in a Row Weakness -0.77%
Down 4 Days in a Row Weakness -0.77%
Lower Bollinger Band Touch Weakness -0.77%
Oversold Stochastic Weakness -0.77%
Multiple of Ten Bearish Other -1.01%
Down 3 Days in a Row Weakness -1.01%
Oversold Stochastic Weakness -1.01%

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Profile

Devon Energy Corporation Description

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). The company holds interest in various properties located in Rocky Mountains, Mid-Continent, Permian Basin, and Gulf Coast regions of the United States. It also owns oil and gas properties in Alberta, British Columbia, and Saskatchewan provinces of Canada. As of December 31, 2012, the company had total proved reserves of 2,963 million barrels of oil equivalent. It also operates approximately 25,000 wells. In addition, it offers marketing and midstream services, including selling of processed gas and NGLs, as well as natural gas processing plants, natural gas gathering systems, and oil pipelines. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: S&P 500 Natural Gas Petroleum Industry Natural Gas Liquids Midstream Natural Gas Processing Permian Basin Gas Gathering Gas Processing Natural Gas Gathering Oil And Gas Properties Oil Pipeline Gas Processing Plants Midstream Services Natural Gas Processing Plants Gas Gathering Systems Natural Gas Gathering System Devon Energy Natural Gas Gathering Systems

Is DVN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 55.09
52 Week Low 40.2822
Average Volume 6,730,157
200-Day Moving Average 46.66
50-Day Moving Average 50.44
20-Day Moving Average 51.19
10-Day Moving Average 50.37
Average True Range 1.03
RSI (14) 39.76
ADX 27.21
+DI 14.32
-DI 27.90
Chandelier Exit (Long, 3 ATRs) 50.12
Chandelier Exit (Short, 3 ATRs) 51.77
Upper Bollinger Bands 53.25
Lower Bollinger Band 49.12
Percent B (%b) 0.14
BandWidth 8.06
MACD Line -0.25
MACD Signal Line 0.06
MACD Histogram -0.3162
Fundamentals Value
Market Cap 31.85 Billion
Num Shares 641 Million
EPS 5.87
Price-to-Earnings (P/E) Ratio 8.47
Price-to-Sales 1.82
Price-to-Book 2.29
PEG Ratio 0.40
Dividend 3.45
Dividend Yield 6.94%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.38
Resistance 3 (R3) 51.23 50.52 51.10
Resistance 2 (R2) 50.52 50.09 50.59 51.01
Resistance 1 (R1) 50.11 49.83 50.32 50.27 50.92
Pivot Point 49.40 49.40 49.50 49.48 49.40
Support 1 (S1) 49.00 48.98 49.20 49.15 48.50
Support 2 (S2) 48.29 48.71 48.36 48.41
Support 3 (S3) 47.88 48.29 48.32
Support 4 (S4) 48.04