Stock Analysis: Devon Energy Corp (DVN)

Stock Analysis for Devon Energy Corp (DVN)

The Interpreter
Hey Friend, I'm analysing DEVON ENERGY CORP (DVN), and it is between the Support of $ 52.39 (Pivot) and the Resistance of $ 53.54 (Triangle Projection Level 0). The stock is also approaching the line of Pivot at $ 52.39, and if it goes below this line it could reach the next Support of Triangle projection at $52.02.

Devon Energy Corp (DVN)

$ 52.09 -0.9%

Last Close 24-Apr-24

Trade DVN Now

Supports

Next Support: $ 52.39

Pivot: $ 52.39
Fibonacci 200%: $ 49.37
Triangle Level (1): $ 52.02

Resistances

Next Resistance: $ 53.54

Pivot R1: $ 54.46
Triangle Level (0): $ 53.54

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 19 Mar 2024	Buy Price: 48.43	Profit: Close Day1 ($ 48.61)	Engulfing	Buy
002 28 Feb 2024	Sell Price: 44.03	Loss: Close Day2 ($ 44.39)	Abandoned Baby	Sell
003 13 Dec 2023	Buy Price: 44.22	Profit: Open Day1 ($ 44.25)	Engulfing	Buy
004 09 Aug 2023	Buy Price: 51.19	Profit: Open Day1 ($ 51.32)	Abandoned Baby	Buy
005 23 May 2023	Sell Price: 49.11	Profit: Open Day2 ($ 48.68)	Engulfing	Sell
006 23 May 2023	Sell Price: 49.19	Profit: Open Day2 ($ 48.68)	Dark Cloud Cover	Sell
007One Year Average	Both Sides Result for 6 Signals	Profit: $ 0.92 ($ 0.15 / Signal) +1.9% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for DVN Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	52.34	SELL	2	52.19	SELL
3	52.27	SELL	3	52.19	SELL
5	52.01	BUY	5	52.19	SELL
8	52.07	BUY	8	52.25	SELL
13	52.77	SELL	13	52.15	SELL
21	52.17	SELL	21	51.58	BUY
34	50.42	BUY	34	50.43	BUY
55	47.71	BUY	55	49.00	BUY
90	46.19	BUY	90	47.88	BUY
200	47.34	BUY	200	48.17	BUY

Company Info +

Name & IPO

Devon Energy Corp
IPO: 2004-10-12

Stock Ticker & Exchange

Ticker: DVNIndices: S&P 500,
Exchange: New York Stock Exchange, Inc. (US - USD)

Contact

Website: http://www.devonenergy.com
Phone:

Stock Type

Common Stock

SIC Office

Energy & Transportation ()

Industry

Crude Petroleum & Natural Gas

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.