RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DVN
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Devon stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 5.84% PDF

The Devon stock price gained 1.46% on the last trading day (Thursday, 28th Mar 2024), rising from $49.46 to $50.18. During the last trading day the stock fluctuated 1.15% from a day low at $49.72 to a day high of $50.29. The price has been going up and down for this period, and there has been a 4.85% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $385.95 million.

The stock lies in the middle of a wide and strong 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 11.86% during the next 3 months and, with a 90% probability hold a price between $49.27 and $58.34 at the end of this 3-month period.

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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 $49.00 and $45.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 23.32%. 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

On the downside, the stock finds support just below today's level from accumulated volume at $42.77 and $41.68. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Devon finds support just below today's level at $42.77. If this is broken, then the next support from accumulated volume will be at $41.68 and $41.08.

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 $0.570 between high and low, or 1.15%. For the last week, the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $48.51 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (DVN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Devon Energy Corporation to open at $50.06, and during the day (based on 14 day Average True Range), to move between $49.36 and $51.00, which gives a possible trading interval of +/-$0.82 (+/-1.64%) up or down from last closing price. If Devon Energy Corporation takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $42.77, some $7.41 (14.77%) from the current price of $50.18, our system finds the risk reward attractive.

Is Devon Energy Corporation stock A Buy?

Devon holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.528 Strong Buy Candidate Upgraded

Predicted Opening Price for Devon Energy Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$50.06 ( 0.232%) $50.18

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DVN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 50.63 0.90 %
R2 50.42 0.469 %
R1 50.28 0.201 %
Current price: 50.18
Support S1 49.85 -0.666 %
S2 49.71 -0.93 %
S3 49.49 -1.37 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 50.18
Support S1 42.77 -14.77%
S2 41.68 -16.94%
S3 41.08 -18.13%

DVN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 27, 2024 Mar 14, 2024 Mar 28, 2024 $0.220 0.438%
2 Nov 07, 2023 Dec 14, 2023 Dec 29, 2023 $0.200 0.442%
3 Aug 01, 2023 Sep 14, 2023 Sep 29, 2023 $0.290 0.608%
4 May 08, 2023 Jun 14, 2023 Jun 30, 2023 $0.720 1.49%
5 Feb 14, 2023 Mar 14, 2023 Mar 31, 2023 $0.89 1.76%

FAQ

What is the symbol for Devon Stock and on which exchange is it traded?
The symbol for Devon is DVN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Devon Stock?
Devon holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Devon Stock?
Devon Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Devon Stock.

What's the current price of Devon Stock?
As of the end of day on the 2024-03-28, the price of an Devon (DVN) share was $50.18.

What is the 52-week high and low for Devon Stock?
The 52-week high for Devon Stock is $56.19 and the 52-week low is $40.47.

What is the market capitalization of Devon Stock?
As of the 2024-03-28, the market capitalization of Devon is 31.864B.

When is the next earnings date for Devon?
The upcoming earnings date for Devon is May 13, 2024.
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About Devon Energy Corporation

Devon Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.... DVN Profile

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