Londinia Opportunities Analyses - 01/20/2022 (GMT) DEVON ENERGY CORP. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	DVN
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 49.24 USD

My targets

51.45 USD (+2.37%)

54.21 USD (+7.86%)

My analysis

The bullish trend is currently very strong on DEVON ENERGY CORP.. As long as the price remains above the support at 49.24 USD, you could try to benefit from the boom. The first bullish objective is located at 51.45 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 54.21 USD as an objective. Crossing it would then enable buyers to target 79.48 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

DEVON ENERGY CORP. rating 50.26 USD. The price has increased by +2.72% since the last closing and was between 47.68 USD and 50.95 USD. This implies that the price is at +5.41% from its lowest and at -1.35% from its highest.

47.68

50.95

50.26

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of DEVON ENERGY CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	41.45	45.61	49.24	50.26	51.45	79.48	93.14
Change (%)	-17.53%	-9.25%	-2.03%	-	+2.37%	+58.14%	+85.32%
Change	-8.81	-4.65	-1.02	-	+1.19	+29.22	+42.88
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	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	46.15	47.54	48.23	49.62	50.31	51.70	52.39
Camarilla	48.36	48.55	48.74	48.93	49.12	49.31	49.50
Woodie	45.81	47.37	47.89	49.45	49.97	51.53	52.05
Fibonacci	47.54	48.33	48.82	49.62	50.41	50.90	51.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.96	44.87	47.63	49.54	52.30	54.21	56.97
Camarilla	49.11	49.53	49.96	50.39	50.82	51.25	51.67
Woodie	43.39	45.08	48.06	49.75	52.73	54.42	57.40
Fibonacci	44.87	46.65	47.76	49.54	51.32	52.43	54.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.15	31.85	37.95	41.65	47.75	51.45	57.55
Camarilla	41.36	42.25	43.15	44.05	44.95	45.85	46.75
Woodie	29.35	32.45	39.15	42.25	48.95	52.05	58.75
Fibonacci	31.85	35.59	37.91	41.65	45.39	47.71	51.45

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):	55.53
MACD (12,26,9):	0.1400
Directional Movement:	-1.97
AROON (14):	-50.00
DEMA (21):	50.27
Parabolic SAR (0,02-0,02-0,2):	47.99
Elder Ray (13):	0.39
Super Trend (3,10):	51.47
Zig ZAG (10):	50.59
VORTEX (21):	1.0200
Stochastique (14,3,5):	89.69
TEMA (21):	50.21
Williams %R (14):	-12.65
Chande Momentum Oscillator (20):	0.42
Repulse (5,40,3):	1.1600
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.19

MA7:	49.94
MA20:	47.03
MA50:	43.79
MA100:	39.44
MAexp7:	50.32
MAexp20:	50.12
MAexp50:	49.64
MAexp100:	48.34
Price / MA7:	+0.64%
Price / MA20:	+6.87%
Price / MA50:	+14.78%
Price / MA100:	+27.43%
Price / MAexp7:	-0.12%
Price / MAexp20:	+0.28%
Price / MAexp50:	+1.25%
Price / MAexp100:	+3.97%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on DEVON ENERGY CORP. at the time of the generation of this analysis was as follows: