DEVON ENERGY CORP. - Daily - Technical analysis published on 06/27/2019 (GMT)
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- Timeframe : Daily
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- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Neutral between 24.92 USD and 30.31 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 30.31 USD. The first support is located at 24.92 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by DEVON ENERGY CORP..
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DEVON ENERGY CORP. rating is 28.73 USD. On the day, this instrument gained +2.90% with the lowest point at 28.42 USD and the highest point at 29.20 USD. The deviation from the price is +1.09% for the low point and -1.61% for the high point.28.42
29.20
28.73
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of DEVON ENERGY CORP. in Daily shows an overall slightly bearish trend. 50% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.65 | 21.00 | 24.92 | 28.73 | 30.31 | 35.16 | 37.69 |
| Change (%) | -35.09% | -26.91% | -13.26% | - | +5.50% | +22.38% | +31.19% |
| Change | -10.08 | -7.73 | -3.81 | - | +1.58 | +6.43 | +8.96 |
| Level | Intermediate | Major | Major | - | Major | Major | Minor |
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 | 27.07 | 27.36 | 27.64 | 27.93 | 28.21 | 28.50 | 28.78 |
| Camarilla | 27.76 | 27.82 | 27.87 | 27.92 | 27.97 | 28.02 | 28.08 |
| Woodie | 27.07 | 27.36 | 27.64 | 27.93 | 28.20 | 28.50 | 28.77 |
| Fibonacci | 27.36 | 27.58 | 27.71 | 27.93 | 28.15 | 28.28 | 28.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.97 | 24.15 | 26.20 | 27.38 | 29.43 | 30.61 | 32.66 |
| Camarilla | 27.35 | 27.65 | 27.94 | 28.24 | 28.54 | 28.83 | 29.13 |
| Woodie | 23.40 | 24.37 | 26.62 | 27.60 | 29.85 | 30.83 | 33.08 |
| Fibonacci | 24.15 | 25.39 | 26.15 | 27.38 | 28.62 | 29.38 | 30.61 |
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): | 58.87 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | 9.42 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 26.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.04 | |
| Elder Ray (13): | 1.42 | |
| Super Trend (3,10): | 26.08 | |
| Zig ZAG (10): | 28.73 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 84.40 | |
| TEMA (21): | 27.59 | |
| Williams %R (14): | -11.38 | |
| Chande Momentum Oscillator (20): | 2.70 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3700 | |
| Courbe Coppock: | 15.93 |
| MA7: | 27.81 | |
| MA20: | 26.45 | |
| MA50: | 29.26 | |
| MA100: | 29.34 | |
| MAexp7: | 27.80 | |
| MAexp20: | 27.38 | |
| MAexp50: | 28.30 | |
| MAexp100: | 29.10 | |
| Price / MA7: | +3.31% | |
| Price / MA20: | +8.62% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -2.08% | |
| Price / MAexp7: | +3.35% | |
| Price / MAexp20: | +4.93% | |
| Price / MAexp50: | +1.52% | |
| Price / MAexp100: | -1.27% |
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:
- Devon Energy to Report First-Quarter 2019 Results April 30; Conference Call Scheduled for May 1
- Devon Energy Reports Fourth-Quarter and Full-Year 2018 Results
- Devon Energy Announces Final Step to Complete Transformation to U.S. Oil Growth Company
- New Research: Key Drivers of Growth for CIT Group, Devon Energy, Red Rock Resorts, The Michaels Companies, PCM, and Pareteum — Factors of Influence, Major Initiatives and Sustained Production
- Analysis: Positioning to Benefit within Pattern Energy Group, Ollie's Bargain Outlet, Devon Energy, Aceto, The KEYW Holding, and Healthcare Services Group — Research Highlights Growth, Revenue, and Consolidated Results
This member declared not having a position on this financial instrument or a related financial instrument.
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