DEVON ENERGY CORP. - Daily - Technical analysis published on 10/08/2019 (GMT)
- 220
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 25.08 USD
My targets
21.00 USD (-1.13%)
18.65 USD (-12.19%)
My analysis
The bearish trend is currently very strong for DEVON ENERGY CORP.. As long as the price remains below the resistance at 25.08 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 21.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.65 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.1
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DEVON ENERGY CORP. rating 21.24 USD. The price registered a decrease of -2.97% on the session and was between 21.14 USD and 21.72 USD. This implies that the price is at +0.47% from its lowest and at -2.21% from its highest.21.14
21.72
21.24
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DEVON ENERGY CORP. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 18.65 | 21.00 | 21.24 | 25.08 | 28.89 | 30.31 |
| Change (%) | -12.19% | -1.13% | - | +18.08% | +36.02% | +42.70% |
| Change | -2.59 | -0.24 | - | +3.84 | +7.65 | +9.07 |
| Level | Minor | Major | - | Major | Major | 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 | 20.38 | 20.96 | 21.43 | 22.01 | 22.48 | 23.06 | 23.53 |
| Camarilla | 21.60 | 21.70 | 21.79 | 21.89 | 21.99 | 22.08 | 22.18 |
| Woodie | 20.32 | 20.93 | 21.37 | 21.98 | 22.42 | 23.03 | 23.47 |
| Fibonacci | 20.96 | 21.36 | 21.61 | 22.01 | 22.41 | 22.66 | 23.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.05 | 19.73 | 21.17 | 22.85 | 24.29 | 25.97 | 27.41 |
| Camarilla | 21.74 | 22.03 | 22.31 | 22.60 | 22.89 | 23.17 | 23.46 |
| Woodie | 17.92 | 19.67 | 21.04 | 22.79 | 24.16 | 25.91 | 27.28 |
| Fibonacci | 19.73 | 20.93 | 21.66 | 22.85 | 24.05 | 24.78 | 25.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.52 | 17.37 | 20.71 | 24.56 | 27.91 | 31.76 | 35.11 |
| Camarilla | 22.08 | 22.74 | 23.40 | 24.06 | 24.72 | 25.38 | 26.04 |
| Woodie | 13.27 | 17.24 | 20.46 | 24.44 | 27.66 | 31.64 | 34.86 |
| Fibonacci | 17.37 | 20.12 | 21.82 | 24.56 | 27.31 | 29.01 | 31.76 |
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): | 33.13 | |
| MACD (12,26,9): | -0.6100 | |
| Directional Movement: | -18.68 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 22.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.18 | |
| Elder Ray (13): | -1.74 | |
| Super Trend (3,10): | 24.37 | |
| Zig ZAG (10): | 21.15 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 8.80 | |
| TEMA (21): | 22.44 | |
| Williams %R (14): | -99.49 | |
| Chande Momentum Oscillator (20): | -4.92 | |
| Repulse (5,40,3): | -4.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 25.87 |
| MA7: | 22.52 | |
| MA20: | 24.47 | |
| MA50: | 23.81 | |
| MA100: | 25.41 | |
| MAexp7: | 22.50 | |
| MAexp20: | 23.56 | |
| MAexp50: | 24.27 | |
| MAexp100: | 25.44 | |
| Price / MA7: | -5.68% | |
| Price / MA20: | -13.20% | |
| Price / MA50: | -10.79% | |
| Price / MA100: | -16.41% | |
| Price / MAexp7: | -5.60% | |
| Price / MAexp20: | -9.85% | |
| Price / MAexp50: | -12.48% | |
| Price / MAexp100: | -16.51% |
News
The latest news and videos published on DEVON ENERGY CORP. at the time of the analysis were 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.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis DEVON ENERGY CORP. - Daily