D1VN34 trade ideas
DVN Current PT $80.00. Consistent bounce off the 30Wk EMA. High inflation and interest rates good for energy.
SHORT DVNLots of negative divergence, now that Energy is pulling back DVN look ready to sell off hard!
dvn longdvn long .. follow the uptrend channel .. buy above the resistance level at 64.33 finally target 71.05
4/3/2022 NYSE (DVN)Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $58.95 / $57.97
Target Price: $60.05 / $59.44
Stop Loss: $57.13 / $56.50
DVN is a great play with all of the Russia and Ukraine garbageI look for DVN to hit 58 tomorrow if oil goes up. keep a close look on oil though. if crude prices drop, then DVN could follow. If DVN dips down more then 2 or 3 bucks, buy more. These are all simply my speculations though, and should not be taken as trade advice.
DVN short term overextendedST bearish. Seems overextended with lower momentum. MT and LT unclear; oil is a rough one with a lot of geopolitical influences.
Fundamentals
Forecasted 5.15 EPS 2022
Norm P/E 13.23
Valuation Estimate ~68 based on 2022 forecast. But keep in mind that growth is forecasted to stall after, so around 60 is probably more appropriate.
Value based on 2021 EPS would be 44.58
Geopolitical uncertainty may drive the multiple down
1/16/22 DVNDevon Energy Corporation ( NYSE:DVN )
Sector: Energy Minerals (Oil & Gas Production)
Market Capitalization: 34.114B
Current Price: $50.39
Breakout price: $51.30
Buy Zone (Top/Bottom Range): $47.80-$44.40
Price Target: $56.20-$57.60
Estimated Duration to Target: 74-77d
Contract of Interest: $DVN 4/14/22 55c
Trade price as of publish date: $3.10/contract
Devon Energy - It's complicated (TL;DR @ end)To start off. Few people have even heard of Devon Energy unless they actively deal with commodities and the energy industry. Devon Energy Corporation ( NYSE:DVN ) is an Oklahoma based hydrocarbon exploration company that produces (primarily) natural gas and oil. Considering the company was only founded in the early 70s, they have quite the interesting market history since their IPO in 1988. They had absolutely spectacular growth prospects from around 2000 through to 2007. Unfortunately at one such spectacular peak (around 1700% gain since May 2000) the stock market crash of 2008 occurred in the fourth quarter. This threw their stock down drastically like many other companies and for another 12 years after that, they declined with 2 signs of a 'comeback' that were not exactly fruitful.
Recently, they have taken the market by absolute surprise, beating the S&P 500 by more than 150 percentage points, announcing a revision of their already generous dividends (especially in comparison to their competitors), 3rd quarter earnings and the anticipated earnings published by various analysts. Needless to mention they were 1 of 3 very popular non-tech stocks to beat the market by a considerable amount (YTD). Their 3rd quarter earnings report and their recently published sustainability report regarding their operations in the Permian Basin have instilled hope in many investors and many are anticipating a bull market despite the, already occurring strong buy indicators. Whether this may be considered another one of those fruitless 'comebacks' is very much up for debate. The increased dividend payout may just be a sign that they have altered their policies for the long-term loyal investor and future prospects may very well be extremely profitable, especially given the current market conditions and maybe the 'low'* P/E multiplier may just be a sign of future performance and inherent value too.
As usual, any other opinions, news and facts are always welcome, thank you for reading and comment away!
TL;DR: NYSE:DVN has had a confusing past but increased 3rd quarter earnings, a moderately attractive P/E ratio (YTD), future earnings from their main operations in the Permian Basin and a dividend revision may all just hint towards a better future for the company and potentially a profitable investment or it may very well turn out to be another fruitless price climb that results in another drop.
*In this case, I have used the term 'low' relative to other corporations of similar scale that deal with commodities and what PE multipliers they acquire when under a growth period.
DVN ready to dropDVN ready to drop
ma 200 diverging from minor sine wave
price has reached top of major sine wave
2021 Actual Trade: DVN +31% ProfitsRecognizing the big trend is important for investment in the stock markets. Especially, if you see a group of fish is coming in front of you, it would be much easier to catch a fish.
This is a classic example is using the energy sector (ETF: XLE), oil price (ETF: USO), and then individual stock Devon Energy (DVN) for a quick and easy +31% profits.
Devon Energy Corp (DVN) - [M1] - LONG & Strong for Profit!Devon Energy Corp (DVN) - Get Long & hold on with this hydrocarbon producer on continued inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies such as this company.
Ride the global energy crunch/"crisis"" wave higher yet still to profit, profit, and more profit. Ultimate price target on the underlying oil and natural gas as well as the shares of oil and natural gas production companies remains as of yet unknown given emergent global energy situation continuing to unfold! Stay tuned and pay attention.
See description (below) for further details...
DVN, bull flagbull flag pattern ready to break past resistance. double tops and a bull flag are good indication for bullish move
$DVN - Breaking outDVN breaking out of its bull flag. Materials, commodities, financials are looking strong for the next while. Mid cap play here but oil should continue to do well over next 12-24 months with inflation and consumption expectations. If you want safer, CVX, XOM, and many others are good with bigger dividends.
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.
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 $20. It has played quite a significant role considering history. It is good that the trendline and the strong horizontal area form a grossing zone which adds strength to the future retest.
We haven't seen higher highs on the monthly, but if you look at smaller timeframes then there are some minor breakouts of the structure (higher highs) which are good confirmations for future growth.
If you are made your own fundamental research and you see that it might be a good investment then technical analysis confirms it, at least mine. Remember, a perfect investment consists of good fundamentals and good technicals. If one of them does not meet your expectations then skip it, easy.
If you have the green lights from both analyses then you can start building your positions from £23!
Have a nice weekend,
Vaido
Long | DVNNYSE:DVN
Possible Scenario: LONG
Evidence: Price action
TP: 25.5$
*This is my idea and could be wrong 100%
DVN slides with the crude downward correctionDVN stock is showing a bearish performance lately after breaking out a bearish formation (bearish symmetrical triangle) on the daily timeframe, yet the breakout is not confirmed.
With the technical indicators supporting the breakout confirmation, prices may fall hitting $25.70 and $24.15 consecutively.
DVN / short strangle / expiring August 20expiration: AUG 20 (49 DTE)
order:
-1 * 25 put (delta -0.19)
-1 * 35 call (delta 0.21)
for 1.29 net credit
@ 29.34
BPR $300
IVR 25.7
PoP 70%
P50 81%
expected move 25.00-34.00
net delta -2.09
target: 53% max profit
note: earnings report on August 3
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%.
