DEVON ENERGY CORP. - 1H - Technical analysis published on 06/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 75.07 USD
My targets
68.62 USD (-4.36%)
67.15 USD (-6.41%)
My analysis
In the short term, we can see an acceleration in the bearish trend on DEVON ENERGY CORP., which is a positive signal for sellers. As long as the price remains above 75.07 USD, a sale could be considered. The first bearish objective is located at 68.62 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 67.15 USD as an objective. Crossing it would then enable sellers to target 64.05 USD. If the price were to return above 75.07 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.6
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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 71.75 USD. The price registered an increase of +3.63% on the session and was traded between 70.01 USD and 72.44 USD over the period. The price is currently at +2.49% from its lowest and -0.95% from its highest.70.01
72.44
71.75
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DEVON ENERGY CORP.:
Technical
A technical analysis in 1H of this DEVON ENERGY CORP. chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 71.75 | 75.07 | 78.10 | 100.23 |
| Change (%) | -6.41% | -4.36% | -0.49% | - | +4.63% | +8.85% | +39.69% |
| Change | -4.60 | -3.13 | -0.35 | - | +3.32 | +6.35 | +28.48 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position 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): | 44.62 | |
| MACD (12,26,9): | -1.4200 | |
| Directional Movement: | -10.44 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 70.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.31 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 73.90 | |
| Zig ZAG (10): | 71.72 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 44.39 | |
| TEMA (21): | 69.80 | |
| Williams %R (14): | -42.58 | |
| Chande Momentum Oscillator (20): | -1.08 | |
| Repulse (5,40,3): | 0.8000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 12.83 |
| MA7: | 74.40 | |
| MA20: | 72.74 | |
| MA50: | 65.88 | |
| MA100: | 60.02 | |
| MAexp7: | 71.08 | |
| MAexp20: | 72.41 | |
| MAexp50: | 73.79 | |
| MAexp100: | 73.12 | |
| Price / MA7: | -3.56% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | +8.91% | |
| Price / MA100: | +19.54% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -2.76% | |
| Price / MAexp100: | -1.87% |
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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