When the Price of Devon Energy $DVN Talks, People Listen

November 10, 2023, 00:30 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DVN

• Buy DVN slightly over 39.49 target 44.60 stop loss @ 39.38 Details

The technical summary data tells us to buy DVN near 39.49 with an upside target of 44.60. This data also tells us to set a stop loss @ 39.38 to protect against excessive loss in case the stock begins to move against the trade. 39.49 is the first level of support below 44.14 , and by rule, any test of support is a buy signal. In this case, support 39.49 would be being tested, so a buy signal would exist.

• Short DVN slightly under 44.60, target 39.49, stop loss @ 44.73 Details

The technical summary data is suggesting a short of DVN as it gets near 44.60 with a downside target of 39.49. We should have a stop loss in place at 44.73though. 44.60 is the first level of resistance above 44.14, and by rule, any test of resistance is a short signal. In this case, if resistance 44.60 is being tested, so a short signal would exist.

Swing Trading Plans for DVN

• Buy DVN slightly over 44.60, target 45.15, Stop Loss @ 44.47 Details

If 44.60 begins to break higher, the technical summary data tells us to buy DVN just slightly over 44.60, with an upside target of 45.15. The data also tells us to set a stop loss @ 44.47 in case the stock turns against the trade. 44.60 is the first level of resistance above 44.14, and by rule, any break above resistance is a buy signal. In this case, 44.60, 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 44.60, target 43.77, Stop Loss @ 44.73. Details

The technical summary data is suggesting a short of DVN if it tests 44.60 with a downside target of 43.77. We should have a stop loss in place at 44.73 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, 44.60, 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 44.60, target 44.89, Stop Loss @ 44.5 Details

If 44.60 begins to break higher, the technical summary data tells us to buy DVN just slightly over 44.60, with an upside target of 44.89. The data also tells us to set a stop loss @ 44.5 in case the stock turns against the trade. 44.60 is the first level of resistance above 44.14, and by rule, any break above resistance is a buy signal. In this case, 44.60, 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 44.60, target 43.77, Stop Loss @ 44.7. Details

The technical summary data is suggesting a short of DVN if it tests 44.60 with a downside target of 43.77. We should have a stop loss in place at 44.7 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, 44.60, 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 November 10:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	39.49
P2	43.61	43.77	44.60
P3	44.89	45.15	50.02

AI Generated Signals for DVN

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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 (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.