Devon Stock Forecast

Buy candidate since Mar 19, 2025 Gain 2.52%

The Devon stock price gained 2.24% on the last trading day (Monday, 24th Mar 2025), rising from $36.15 to $36.96. It has now gained 7 days in a row. It is not often that stock manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.99% from a day low at $36.12 to a day high of $37.20. The price has risen in 9 of the last 10 days and is up by 8.04% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 788 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $211.44 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.61% during the next 3 months and, with a 90% probability hold a price between $34.60 and $40.25 at the end of this 3-month period.

DVN Signals & Forecast

Mostly positive signals in the chart today. The Devon stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $35.76 and $35.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 05, 2025, and so far it has risen 9.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Devon stock

Devon finds support from accumulated volume at $35.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.08 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 2.61%.

Since the Devon has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $35.40 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (DVN) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Devon Energy Corporation to open at $36.76, and during the day (based on 14 day Average True Range), to move between $35.80 and $38.12, which gives a possible trading interval of +/-$1.16 (+/-3.15%) up or down from last closing price. If Devon Energy Corporation takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $37.57 (1.65%) than the support at $35.88 (2.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Devon Energy Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Devon stock to perform well in the short-term.

Current score: 2.426 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on March 25, 2025 - $36.76 ( 0.541%).