Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.
I think i can find some stocks in the...
The chart is very clear - please follow the instructions on the chart
The chart is very clear - please follow the instructions on the chart
The chart is very clear - please follow the instructions on the chart
The chart is very clear - please follow the instructions on the chart
The chart is very clear - please follow the instructions on the chart
The chart is...
DVN posts BUY signal based on this past week's price settlement.
Ideal entry, stop and target imaged on the chart.
Support and Resistance structures have been adjusted accordingly for your reference.
Wishing you a blessed and profitable week ahead.
Based on TWB TSCB, DVN must break above 57.75 tonight to see higher level.
Trendline proved to be strong resistance during the pullback. RSI trend showing uptrend, despite current weakness.
Disclaimer.
It is move in sideway
It is in lower band and test EXMA 200
Increase in volume
So you can buy it
Target 67.25 stop loss 52.85
money management is your responsibility
I recommend entering a maximum of 10% of the portfolio.
good luck
Steep rise up.
Be safe on the way back down.
This could be an ARC but either way it is very steep and price often returns to the area it lives in, eventually.
No recommendation
Looking for energy to cool off for a minute here. Macro looking bearish (dependent on CPI print) and running a little hot right now. I would expect energy to continue running mid-term, but looking for a pullback on the 1.618 from the covid lows.
Price keeps being drawn to 78 like a magnet. Riding 9 EMA support, this looks like its ready to break out. High inflationary / High interest rate environments, great for energy. OPEC unable to meet its previous production quotas, much less the recently raised benchmark. Geopolitical conflict in Eastern Europe... Energy is the sector now.
The PEAD projected a Bullish outlook for $DVN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 44.44%.
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
I 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.
ST 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...
