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DVN

$OXY - Rising Trend Channel🔹Breakout resistance at 65.90, indicating a potential further rise, and potential support at 65.90 in case of NEGATIVE reactions. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹The RSI curve indicates a positive trend, indicating a rising trend. 🔹Technically POSITIVE for the short term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:OXYLong
by wavepoint99
$CVX - Falling Trend Channel [MID-TERM]🔹Rectangle Formation produced a POSITIVE signal at a breakout resistance of 160. 🔹Marginally broken up through resistance at 164, next resistance at 173. 🔹RSI curve indicates a rising trend, indicating an early indication of a possible upward trend reversal for the price. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:CVXLong
by wavepoint99
$DVN - Bulkowski 's AB = CD Bullish pattern This is the practical application of Bulkowski's AB = CD bullish pattern on #DVN #DevonEnergy. The ABCD pattern is identified by Fib retracement and extension shown in chart. Now we can trade based on probability of price reaching to A ($64) = 40% chance B ($52) = 83% chance C ($57) = 47% chance Current price is $46.27. Betting on $52 point B is almost a sure bet with 83% chance! Let's see if I make money! Not many people talk about this pattern. I will be using it in actual trading! How exciting?
NYSE:DVNLong
by PaperBozz
A potential BEARISH pattern developing for OILWhat if today's rally in crude and brent oil prices was nothing more than an oversold bounce after the hideous more than 30% decline from the prior few trading sessions? We have identified a potential Head and Shoulders reversal pattern forming on the H4 chart, which might be an indication of what is to come, but before that let's look at what did the chart tell us shortly before the sharp selloff from the $125 highs began. As you can see on the chart, there was already a smaller Head and Shoulders pattern that formed in the $107 and $127 range, with the two shoulders of the figure lining up almost perfectly at $114 per barrel and the massive head topping around the $125 highs. On March 10th we saw the initial break of the neckline of the bearish reversal formation with the subsequent retest of the neckline from below respecting it as a new resistance. Every Head and Shoulders pattern projects a potential reversal move roughly equal to the size of the Head of the formation. In this case, the Head was equal to $125 (Highest point) - $108 (Neckline) = $17. Guess what.. after breaking the neckline of the above-described figure the Oil price fell from $109 per barrel to $93 per barrel, which was precisely $16 before staging today's sharp intra-day rally. What caught our attention is that today's massive rally could be actually forming the right shoulder of a much more massive Head and Shoulders pattern, with the following parameters: Shoulders within the $100-103 range, a Head of $31 dollars and a neckline around $94. To put it simply, if the price reverses course from current levels and ends up breaking below the $94 neckline support, we might be in for a vicious sell-off that could end up taking the price below the $70 mark. Now, please keep in mind that this is a hypothetical scenario and that the figure has not yet formed. A typical entry point for a Head and Shoulders pattern is considered to be the breaking of the figure's neckline, which in this case would occur if the price drops below the $94 per barrel level on a closing basis. However, considering the effectiveness of the prior Head and Shoulders signal that we got, we wanted to share it with you.
TVC:USOILShort
by DowExperts
Hedging with short DVNWhen the market reached a (new) All Time High earlier today I wanted to get some short Delta in my positions. I learned my lesson during the 'recent unpleasantness' bottom of 7/19 that being all net long puts one at risk of volatility in a portfolio... even if the positions themselves individually remain strong and profitable. This morning's volatility setup a good short entry on NYSE:DVN that by looking at futures this evening should hedge against tomorrow's potential downside. Earnings are close so I may need to de-risk next week before.
NYSE:DVNShort
by norok
1
Devon Energy (DVN) | Technical Break, Wait For a Retest!Hi, another idea from the stock market. 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. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. Technical analysis of DVN looks promising. The price of Devon Energy has made a break above the trendline which is pulled from ATH in 2008. It has worked quite strongly as resistance and after the break above it starts to act as a support. There is also a minor level around $20. It has played quite a significant role considering history. It is good that the trendline and the strong horizontal area form a grossing zone which adds strength to the future retest. We haven't seen higher highs on the monthly, but if you look at smaller timeframes then there are some minor breakouts of the structure (higher highs) which are good confirmations for future growth. If you are made your own fundamental research and you see that it might be a good investment then technical analysis confirms it, at least mine. Remember, a perfect investment consists of good fundamentals and good technicals. If one of them does not meet your expectations then skip it, easy. If you have the green lights from both analyses then you can start building your positions from £23! Have a nice weekend, Vaido
NYSE:DVNLong
by VaidoVeek
1
DVN uptrend - What to expectI took some time this morning to go over the chart for Devon Energy. It looks like there is a lot of room for potential. 35 Analysts say 86% BUY. Trend continuity is in perptual uptrend. There's a steady diagonal line there. Earnings report coming up in July. There are some good short squeeze positions at the pinnacle of those bounces as well however if you buy now and hold until the end of the year there is a good potential for gains at just under 50%.
NYSE:DVNLong
by cleverfoxinbox
DVN Uptrend - What to expect I took some time this morning to go over the chart for Devon Energy. It looks like there is a lot of room for potential. 35 Analysts say 86% BUY. Trend continuity is in perptual uptrend. There's a steady diagonal line there. Earnings report coming up in July. There are some good short squeeze positions at the pinnacle of those bounces as well however if you buy now and hold until the end NYSE:DVN of the year there is a good potential for gains at just under 50%.
NYSE:DVN
by cleverfoxinbox
DVN correction motion end. DVN correction motion end. The fractal pairs seen in my analysis have the following properties. The fractal currently under construction is double the original fractal structure. It can be seen that the ATR axis (orange dashed line) of the fractal now under construction is ascending. This means that the rise in the exchange rate will be provided by a growing ATR trajectory. The primary target price was now determined not from the fractal trajectories but from the fair value of DVN. The current fair value and the target price are: 28.01 usd
NYSE:DVNLong
by meszaros