Devon Energy stock: buy or sell

DVN stock price: $26.46 2.00% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

Devon Energy stock brief

  • Devon Energy stock went up 2.00% to close at $26.46 on the stock market on Wednesday.
  • Devon Energy is presenting its earnings report next Tuesday
  • Looking at the chart, price is drawing an scaled downtrend since early June with lower tops and lower bottoms. this downtrend marked a -16.32% loss.
  • Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

Should I buy Devon Energy stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $DVN stock a buy?

In the current situation of Devon Energy there is not any eligible buy setup. This doesn't mean we expect a selloff for $DVN in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Devon Energy stock?

When is it time to sell Devon Energy stock?. In the same way as when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must follow our own trading style. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short Devon Energy stock

A guiding principle is that you must never mantain an open trade that results in higher than expected losses at the time of the buy. When to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Devon Energy stock?

In the current situation of Devon Energy there is not any eligible sell setup, so Devon Energy stock holders with operations in green can keep their positions

Devon Energy ratings

In the last month we couldn't find any rating for Devon Energy

Devon Energy stock analysis

From a technical standpoint, Devon Energy continues trending lower since early June, and has droppped a -16.32%. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.

SMAs overview

DVN stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $26.67 (0.79% above)
  • R2: $26.69 (0.87% above)
  • R3: $26.79 (1.25% above)
  • The current supports are:

  • S1: $26.32 (-0.53% below)
  • S2: $26.02 (-1.66% below)
  • S3: $25.79 (-2.53% below)
  • Bollinger bands

    Since the price broke down the lower band on July 20, the price bounced off by 7.82%

    DVN stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Wednesday was 46.45. Since then, Devon Energy shares sank a 13.22%

    DVN stock RSI chart

    Devon Energy stock price history

    Devon Energy IPO was on Jul 22nd, 1985 at $0.00 per share1. Since then, DVN stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    DVN stock price history chart

    Price target for Devon Energy stock

    Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. If you are a small investor you don't have to buy or sell based on these projections.

    In the previous month we couldn't find any price target published for Devon Energy stock.

    Earnings and financials

    Devon Energy ($DVN) is hosting the quarterly earnings call next Tuesday. Estimated for this quarter is $0.51, compared to $0.45 that was reported for Q1.

    Devon Energy Corporation ($DVN) released quarterly earnings of $0.45 per share last May, highly enhancing the Wall St consensus estimate of $0.33 per share. This quarterly report represents an earnings surprise of 36.36%. Predicted revenue for this quarter was $2.2 billion but Devon Energy substantially failed to match by 20.27%, posting $1.8 billion.

    Compared to the same quarter last year, EPS was $0.13, so posted EPS means a increase of 246.15%. Looking at turnover, figures exploded a 65.75% compared to $13.1B same quarter last year.

    Devon Energy performance

    DVN performance compared
    Company1m3m6m
    Devon Energy ($DVN) -7.40% 9.70% 55.60%

    Important:
    The opinions contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the specific scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for education purposes only

    Devon Energy summary

    Wednesday, July 28th, 2021
    Open$26.28
    Close$26.46
    Day range$25.8 - $26.79
    Previous close$25.94
    Session gain2.00%
    Average true range$1.55
    50d mov avg$27.85
    100d mov avg$25.38
    200d mov avg$20.29
    Earnings dateAugust 3rd, 2021

    Frequently asked questions

    What is Devon Energy stock symbol?

    Devon Energy Corporation is a public company trading in the US stock market with the DVN symbol

    Is Devon Energy stock a buy or sell?

    Devon Energy had no ratings in the last 4 weeks Read the article to get additional tips on trading DVN stock.

    Will DVN go up?

    There were no predictions posted by market analysts in the last 4 weeks for Devon Energy.