DEVON ENERGY CORP. - 15 min. - Technical analysis published on 06/14/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Neutral between 69.31 USD and 73.58 USD
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. DEVON ENERGY CORP. is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on DEVON ENERGY CORP. essentials for the price to rebound like this? In such a situation, it would be possible to stay away from DEVON ENERGY CORP. or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 73.58 USD as an objective. Buyers would then use the next resistance located at 75.68 USD as an objective. Crossing it would then enable buyers to target 78.10 USD. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DEVON ENERGY CORP. rating 71.95 USD. The price registered an increase of +3.91% on the session and was between 70.01 USD and 72.44 USD. This implies that the price is at +2.77% from its lowest and at -0.68% from its highest.70.01
72.44
71.95
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of DEVON ENERGY CORP. in 15 min. shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 67.15 | 68.62 | 71.40 | 71.95 | 75.07 | 78.10 | 100.23 |
| Change (%) | -6.67% | -4.63% | -0.76% | - | +4.34% | +8.55% | +39.31% |
| Change | -4.80 | -3.33 | -0.55 | - | +3.12 | +6.15 | +28.28 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.87 | 65.04 | 67.14 | 69.31 | 71.41 | 73.58 | 75.68 |
| Camarilla | 68.07 | 68.46 | 68.85 | 69.24 | 69.63 | 70.02 | 70.41 |
| Woodie | 62.84 | 65.02 | 67.11 | 69.29 | 71.38 | 73.56 | 75.65 |
| Fibonacci | 65.04 | 66.67 | 67.68 | 69.31 | 70.94 | 71.95 | 73.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.04 | 69.26 | 71.66 | 74.88 | 77.28 | 80.50 | 82.90 |
| Camarilla | 72.52 | 73.03 | 73.55 | 74.06 | 74.58 | 75.09 | 75.61 |
| Woodie | 65.63 | 69.06 | 71.25 | 74.68 | 76.87 | 80.30 | 82.49 |
| Fibonacci | 69.26 | 71.41 | 72.73 | 74.88 | 77.03 | 78.35 | 80.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.79 | 46.65 | 60.17 | 69.03 | 82.55 | 91.41 | 104.93 |
| Camarilla | 67.53 | 69.58 | 71.63 | 73.68 | 75.73 | 77.78 | 79.84 |
| Woodie | 40.11 | 47.82 | 62.49 | 70.20 | 84.87 | 92.58 | 107.25 |
| Fibonacci | 46.65 | 55.20 | 60.48 | 69.03 | 77.58 | 82.86 | 91.41 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.23 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 7.96 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 70.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.40 | |
| Elder Ray (13): | 0.70 | |
| Super Trend (3,10): | 68.97 | |
| Zig ZAG (10): | 71.73 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 79.23 | |
| TEMA (21): | 71.46 | |
| Williams %R (14): | -15.64 | |
| Chande Momentum Oscillator (20): | 1.58 | |
| Repulse (5,40,3): | 0.7900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.13 |
| MA7: | 74.40 | |
| MA20: | 72.74 | |
| MA50: | 65.88 | |
| MA100: | 60.02 | |
| MAexp7: | 71.26 | |
| MAexp20: | 70.77 | |
| MAexp50: | 71.62 | |
| MAexp100: | 72.99 | |
| Price / MA7: | -3.29% | |
| Price / MA20: | -1.09% | |
| Price / MA50: | +9.21% | |
| Price / MA100: | +19.88% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | +1.67% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | -1.42% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on DEVON ENERGY CORP. at the time of the analysis were as follows:
- RimRock Announces Sale to Devon Energy
- Thinking about trading options or stock in Devon Energy, Solaredge Technologies, Spotify, Tesla, or Quanta Services?
- Thinking about trading options or stock in Anaplan, Devon Energy, Apple, Pinduoduo, or Tesla?
- Thinking about trading options or stock in Signet Jewelers, Devon Energy, J B Hunt, Hilton Hotels, or Comerica?
- Thinking about buying stock in Marathon Oil, Tellurian, Ford Motor, Devon Energy, or Liberty Oilfield Services?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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