The best AI trading robot in our robot factory, Swing trader: Volatility Balanced Strategy (TA), generated a return of 7.26% for DVN during the past week.
Last month, an AI trading robot produced a 7.26% increase in DVN's earnings, but what could be driving this trend? Technical analysts are turning to the Moving Average Convergence Divergence (MACD) indicator for clues.
The MACD is a popular trend-following momentum indicator that helps traders identify potential trend reversals and trading opportunities. When the MACD line crosses above the signal line, it's a bullish signal, indicating a potential upward trend. This happened on March 27, 2023, for Devon Energy Corporation (DVN).
Looking at past instances where DVN's MACD turned positive, technical analysts observed that the stock continued to rise in 36 of 43 cases over the following month. This indicates a high probability of continued upward momentum, with the odds of a continued upward trend being 84%.
It's important to note that the MACD is just one of many technical indicators used by traders to analyze market trends. Traders also use other indicators such as Relative Strength Index (RSI), Moving Average (MA), and Bollinger Bands to confirm signals and improve the accuracy of their predictions.
While the use of AI trading robots may appear to be a new development in the trading industry, technical analysis remains a crucial part of decision-making. By analyzing charts and identifying patterns, technical analysts can provide valuable insights to investors and traders alike. As always, traders should exercise caution and use multiple indicators before making any trading decisions.
The 10-day RSI Oscillator for DVN moved out of overbought territory on January 21, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 instances where the indicator moved out of the overbought zone. In of the 33 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Momentum Indicator moved below the 0 level on January 27, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on DVN as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for DVN turned negative on January 28, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
DVN moved below its 50-day moving average on January 27, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for DVN crossed bearishly below the 50-day moving average on February 05, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 .
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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Aroon Indicator entered an Uptrend today. In of 265 cases where DVN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 75, placing this stock slightly better than average.
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.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (2.682) is normal, around the industry mean (4.514). P/E Ratio (8.724) is within average values for comparable stocks, (19.693). Projected Growth (PEG Ratio) (1.692) is also within normal values, averaging (4.890). Dividend Yield (0.047) settles around the average of (0.085) among similar stocks. P/S Ratio (2.144) is also within normal values, averaging (159.568).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages in the exploration, development and production of oil and natural gas properties
Industry OilGasProduction