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Jonathan Merton's Avatar
published in Blogs
May 12, 2023

Impressive Returns: Robot Factory's $DVN Trade Rises by 4.56%

One such AI trading robot, accessible at Trend Trader: Popular Stocks (TA&FA), has been performing exceptionally well. In just two trades over the course of the previous week, the robot generated a gain of 4.56% while trading DVN.

To provide some context, let's take a closer look at DVN. On May 05, 2023, the 10-day moving average for DVN crossed bearishly below the 50-day moving average. This indicates that the trend has shifted lower and could be considered a sell signal. However, it's important to note that in 11 of the 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. This means that the odds of a continued downward trend are 79%. Traders will need to keep a close eye on DVN to see if it follows this historical pattern.

In addition to technical analysis, traders should also take into account fundamental factors such as earnings reports. DVN's most recent earnings report, released on May 08, showed earnings per share of $1.46, beating the estimate of $1.38. With 1.66M shares outstanding, the current market capitalization sits at 31.66B. These strong earnings results could potentially help DVN recover from its recent trend shift. 

Overall, the AI trading robot at Trend Trader: Popular Stocks (TA&FA) has proven to be an impressive tool for generating returns, and traders can use it in conjunction with technical and fundamental analysis to make informed trading decisions.

Related Ticker: DVN

DVN in downward trend: 10-day moving average moved below 50-day moving average on May 05, 2023

The 10-day moving average for DVN crossed bearishly below the 50-day moving average on May 05, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where DVN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on May 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DVN as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

DVN moved below its 50-day moving average on May 02, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DVN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for DVN entered a downward trend on May 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where DVN's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DVN just turned positive on May 22, 2023. Looking at past instances where DVN's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DVN advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .

DVN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.745) is normal, around the industry mean (5.892). P/E Ratio (5.120) is within average values for comparable stocks, (16.477). Projected Growth (PEG Ratio) (1.445) is also within normal values, averaging (55.806). Dividend Yield (0.108) settles around the average of (0.089) among similar stocks. P/S Ratio (1.592) is also within normal values, averaging (152.639).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DVN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), Canadian Natural Resources Limited (NYSE:CNQ), Occidental Petroleum Corp (NYSE:OXY), Pioneer Natural Resource Co (NYSE:PXD), Hess Corp (NYSE:HES), Devon Energy Corp (NYSE:DVN), Diamondback Energy (NASDAQ:FANG), Marathon Oil Corp (NYSE:MRO), EQT Corp (NYSE:EQT).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 3.27B. The market cap for tickers in the group ranges from 3.28K to 123.24B. COP holds the highest valuation in this group at 123.24B. The lowest valued company is PSTRQ at 3.28K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was 1%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was -9%. AXAS experienced the highest price growth at 599%, while BUENF experienced the biggest fall at -37%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was 17%. For the same stocks of the Industry, the average monthly volume growth was -3% and the average quarterly volume growth was -90%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 76
Price Growth Rating: 55
SMR Rating: 60
Profit Risk Rating: 79
Seasonality Score: 15 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company which engages in the exploration, development and production of oil and natural gas properties

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
333 West Sheridan Avenue
Phone
+1 405 235-3611
Employees
1800
Web
https://www.devonenergy.com
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DVN and

Correlation & Price change

A.I.dvisor indicates that over the last year, DVN has been closely correlated with MRO. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if DVN jumps, then MRO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DVN
1D Price
Change %
DVN100%
-2.31%
MRO - DVN
89%
Closely correlated
-1.81%
FANG - DVN
89%
Closely correlated
-1.15%
HES - DVN
86%
Closely correlated
-1.77%
APA - DVN
86%
Closely correlated
-3.50%
EOG - DVN
85%
Closely correlated
-1.19%
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