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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - DVNArchive
- 10/16/2026 -
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Devon Energy Corp. (DVN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Devon Energy Corp. (DVN). During the week, the DVN gained 2.47 points, or 5.12%, and closed at 50.73 on Friday, October 16, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -30% below average.
DVN is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DVN long-term trend chart]
A long-term downtrend had started on June 9, 2022 at 79.40 and reached 25.89 on April 9, 2025. DVN lost 53.51 points, or 67.39%, in 147 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (5.63) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DVN may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See DVN medium-term trend chart]
A medium-term uptrend had started on July 2, 2026 at 40.00 and reached 51.70 on September 14, 2026. DVN gained -11.70 points, or -29.25%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 46.73 and resistance is at 55.56. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 28, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See DVN short-term trend chart]
A short-term uptrend had started on September 29, 2026 at 45.56 and reached 50.76 on October 14, 2026. DVN gained -5.20 points, or -11.41%, in 15 days. Price is near the trend high.
 Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up.
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