Question 1

What implications does the 10-day RSI indicator have for DVN?

Accepted Answer

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Question 2

What does the Stochastic Oscillator suggest about DVN's trend?

Accepted Answer

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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.

Question 3

How did DVN's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DVN as a result. In 69 of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.

Question 4

What does MACD indicator imply for DVN?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for DVN turned negative on September 04, 2024. 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 42 similar instances when the indicator turned negative. In 29 of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at 69%.

Question 5

What does a 3-day price advance indicate for DVN?

Accepted Answer

Following a +3.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where DVN advanced for three days, in 237 of 323 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.

Question 6

What does a 3-day decline signify for DVN's future price movement?

Accepted Answer

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 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.

Question 7

What does DVN breaking above its upper Bollinger Band indicate?

Accepted Answer

DVN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 25 of 32 cases where DVN's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 78%.

Question 8

How does the Aroon Indicator reflect on DVN's trend?

Accepted Answer

The Aroon Indicator for DVN entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

DVN Stock Devon Energy (DVN, $44.64) Moving Average Convergence Divergence (MACD) Histogram turned positive on August 13, 2024

DVN in upward trend: price may jump up because it broke its lower Bollinger Band on September 03, 2024

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