When the Price of (DVN) Talks, People Listen
May 17, 2024, 19:52 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DVN
- Buy DVN slightly over 46.87 target 51.14 stop loss @ 46.73 Details
The technical summary data tells us to buy DVN near 46.87 with an upside target of 51.14. This data also tells us to set a stop loss @ 46.73 to protect against excessive loss in case the stock begins to move against the trade. 46.87 is the first level of support below 49.65 , and by rule, any test of support is a buy signal. In this case, support 46.87 is being tested, a buy signal would exist.
- Short DVN slightly under 51.14, target 46.87, stop loss @ 51.29 Details
The technical summary data is suggesting a short of DVN as it gets near 51.14 with a downside target of 46.87. We should have a stop loss in place at 51.29though. 51.14 is the first level of resistance above 49.65, and by rule, any test of resistance is a short signal. In this case, if resistance 51.14 is being tested, a short signal would exist.
Swing Trading Plans for DVN
- Buy DVN slightly over 50.18, target 51.14, Stop Loss @ 50.04 Details
If 50.18 begins to break higher, the technical summary data tells us to buy DVN just slightly over 50.18, with an upside target of 51.14. The data also tells us to set a stop loss @ 50.04 in case the stock turns against the trade. 50.18 is the first level of resistance above 49.65, and by rule, any break above resistance is a buy signal. In this case, 50.18, 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 50.18, target 49.15, Stop Loss @ 50.32. Details
The technical summary data is suggesting a short of DVN if it tests 50.18 with a downside target of 49.15. We should have a stop loss in place at 50.32 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, 50.18, 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 50.18, target 51.14, Stop Loss @ 50.06 Details
If 50.18 begins to break higher, the technical summary data tells us to buy DVN just slightly over 50.18, with an upside target of 51.14. The data also tells us to set a stop loss @ 50.06 in case the stock turns against the trade. 50.18 is the first level of resistance above 49.65, and by rule, any break above resistance is a buy signal. In this case, 50.18, 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 50.18, target 49.56, Stop Loss @ 50.3. Details
The technical summary data is suggesting a short of DVN if it tests 50.18 with a downside target of 49.56. We should have a stop loss in place at 50.3 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, 50.18, 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 Corporation (DVN) available here: DVN.
DVN Ratings for May 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
42.67 |
| P2 |
49.04 |
49.15 |
46.87 |
| P3 |
49.56 |
50.18 |
51.14 |
AI Generated Signals for DVN
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Devon Energy Corporation (NYSE: DVN) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for DVN can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DVN:
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