Learn to Evaluate Devon Energy ($DVN) using the Charts
October 03, 2023, 00:30 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DVN
- Buy DVN slightly over 44.54 target 50.09 stop loss @ 44.41 Details
The technical summary data tells us to buy DVN near 44.54 with an upside target of 50.09. This data also tells us to set a stop loss @ 44.41 to protect against excessive loss in case the stock begins to move against the trade. 44.54 is the first level of support below 45.65 , and by rule, any test of support is a buy signal. In this case, support 44.54 is being tested, a buy signal would exist.
- Short DVN slightly under 50.09, target 44.54, stop loss @ 50.23 Details
The technical summary data is suggesting a short of DVN as it gets near 50.09 with a downside target of 44.54. We should have a stop loss in place at 50.23though. 50.09 is the first level of resistance above 45.65, and by rule, any test of resistance is a short signal. In this case, if resistance 50.09 is being tested, a short signal would exist.
Swing Trading Plans for DVN
- Buy DVN slightly over 47.94, target 50.09, Stop Loss @ 47.8 Details
If 47.94 begins to break higher, the technical summary data tells us to buy DVN just slightly over 47.94, with an upside target of 50.09. The data also tells us to set a stop loss @ 47.8 in case the stock turns against the trade. 47.94 is the first level of resistance above 45.65, and by rule, any break above resistance is a buy signal. In this case, 47.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DVN slightly near 47.94, target 45.56, Stop Loss @ 48.08. Details
The technical summary data is suggesting a short of DVN if it tests 47.94 with a downside target of 45.56. We should have a stop loss in place at 48.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 47.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DVN
- Buy DVN slightly over 46.05, target 47.94, Stop Loss @ 45.94 Details
If 46.05 begins to break higher, the technical summary data tells us to buy DVN just slightly over 46.05, with an upside target of 47.94. The data also tells us to set a stop loss @ 45.94 in case the stock turns against the trade. 46.05 is the first level of resistance above 45.65, and by rule, any break above resistance is a buy signal. In this case, 46.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DVN slightly near 46.05, target 45.56, Stop Loss @ 46.16. Details
The technical summary data is suggesting a short of DVN if it tests 46.05 with a downside target of 45.56. We should have a stop loss in place at 46.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 46.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Devon Energy (DVN) available here: DVN.
DVN Ratings for October 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
39.17 |
| P2 |
46.05 |
45.56 |
44.54 |
| P3 |
48.14 |
47.94 |
50.09 |
AI Generated Signals for DVN
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Devon Energy (NYSE: DVN) report below can help you understand how to do this. The trading plans for DVN, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DVN:
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