DEVON ENERGY CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	DVN
ISIN:

DEVON ENERGY CORP. - Daily - Technical analysis published on 06/14/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

56%

39%

My opinion

Bullish above 64.05 USD

My targets

75.07 USD (+5.79%)

91.41 USD (+28.82%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DEVON ENERGY CORP.. As long as you are above the support located at 64.05 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 75.07 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 91.41 USD as an objective. Crossing it would then enable buyers to target 100.23 USD. If the support 64.05 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DEVON ENERGY CORP. rating 70.96 USD. On the day, this instrument gained +2.48% and was between 70.01 USD and 72.44 USD. This implies that the price is at +1.36% from its lowest and at -2.04% from its highest.

70.01

72.44

70.96

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of DEVON ENERGY CORP. in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	41.21	55.26	64.05	70.96	71.40	75.07	100.23
Change (%)	-41.93%	-22.13%	-9.74%	-	+0.62%	+5.79%	+41.25%
Change	-29.75	-15.70	-6.91	-	+0.44	+4.11	+29.27
Level	Intermediate	Intermediate	Major	-	Major	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.26
MACD (12,26,9):	2.1900
Directional Movement:	-2.61
AROON (14):	-14.29
DEMA (21):	75.29
Parabolic SAR (0,02-0,02-0,2):	77.66
Elder Ray (13):	-1.79
Super Trend (3,10):	69.21
Zig ZAG (10):	70.85
VORTEX (21):	1.0400
Stochastique (14,3,5):	37.15
TEMA (21):	74.91
Williams %R (14):	-66.48
Chande Momentum Oscillator (20):	-1.73
Repulse (5,40,3):	-3.0500
ROCnROLL:	-1
TRIX (15,9):	0.6700
Courbe Coppock:	11.33

MA7:	74.31
MA20:	72.71
MA50:	65.87
MA100:	60.01
MAexp7:	73.11
MAexp20:	71.96
MAexp50:	67.06
MAexp100:	60.70
Price / MA7:	-4.51%
Price / MA20:	-2.41%
Price / MA50:	+7.73%
Price / MA100:	+18.25%
Price / MAexp7:	-2.94%
Price / MAexp20:	-1.39%
Price / MAexp50:	+5.82%
Price / MAexp100:	+16.90%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on DEVON ENERGY CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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