Devon Energy Corp (DVN): Price Down $-1.37 (-6.45)% Over Past Day, Down $-1.5 (-7.01)% Over Past Hour

The Hourly View for DVN

At the time of this writing, DVN’s price is down $-1.5 (-7.01%) from the hour prior. This is the 3rd hour in a row DVN has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 and 50 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

DVN’s Technical Outlook on the Daily Chart

At the time of this writing, DVN’s price is down $-1.37 (-6.45%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows DVN’s price action over the past 90 days.

DVN

For DVN News Traders

Investors and traders in DVN may be particularly interested in the following story that came out in the past day:

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