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 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 .
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.
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.
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.
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
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.