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Takip Edin: @UscMarketsDVN Stock Forecast & Devon Energy Corporation Chart Analysis
This article provides a detailed analysis of DVN-Devon Energy Corporation stock including a forecast for DVN shares. It features Devon Energy Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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DVN Historical Data Review
DVN Current Price Performance Analysis
The Devon Energy Corporation - DVN stock traded on the American stock market, on 06-05-2024, closed at 46.62$ with a %-0.06 decreased compared to the previous day.
In the last month, the price of DVN changed by %-8.34 decreased in value, from 50.86 dollars on 05-06-2024 to 46.62 dollars, decreased.
Last year, the price of DVN was 48.95 dollars on 06-06-2023, and changed by %-4.76 decreased in value, to 46.62 dollars decreased within a year.
The price of Devon Energy Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
DVN with AI Stock Forecast & Price Target
On the DVN chart Devon Energy Corporation price was recorded as 46.62 Dollars on 06/05/2024.
The artificial intelligence's forecast on DVN stock is as follows.
The artificial intelligence's prediction error margin for DVN stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Devon Energy Corporation stock over the next 4 months is: 36.9 Dollars.
The commentary on DVN stock Target Price: Highest: 44.795 Dollars is predicted.
The commentary on DVN stock Target Price: Lowest: 32.077 Dollars is predicted.
Resistance Price where Devon Energy Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 39.534 |
| 12-17-2024 | 36.058 |
| 01-31-2025 | 35.558 |
| 04-11-2025 | 35.467 |
Support Price where Devon Energy Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 36.074 |
| 11-12-2024 | 34.414 |
| 01-16-2025 | 35.429 |
| 03-12-2025 | 32.077 |
The commentary on DVN stock: The target price can generally be said to be on the decline.
The commentary on DVN stock: Fluctuations in the target price can be expected in the coming days.
The target price for Devon Energy Corporation stock by the end of 2024 is predicted to be 36.047 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on DVN stock, and the 2024 target price predictions for Devon Energy Corporation are detailed above.
The technical analysis and charts for the commentary on DVN stock are below.
DVN Support & Resistance and Trend Analysis
DVN stock you have reviewed the technical analysis support resistance charts regarding.
DVN : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the DVN review, the Devon Energy Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Devon Energy Corporation Support and Resistance Prices:
| DVN Support Level Price | DVN Resistance Level Price |
|---|---|
| 40.47 | 43.36 |
| 40.51 | 46.20 |
| 42.95 | 46.41 |
| 43.06 | 47.35 |
| 43.46 | 53.20 |
| 44.33 | 55.09 |
| 49.78 |
DVN Technical Analysis: SMA, RSI, MACD
Upon reviewing the DVN chart, buy and sell signals have been generated in the Devon Energy Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for DVN stock are as follows:- DVN technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Devon Energy Corporation gave a 'Buy' signal when the RSI was at 26.031, with the current RSI value at 34.472.
- The technical analysis for Devon Energy Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Devon Energy Corporation stock: Click here to read more predictions on The Hartford Financial stock.
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