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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - DVNArchive
- 12/5/2025 -
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Devon Energy Corp. (DVN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Devon Energy Corp. (DVN). During the week, the DVN gained 0.41 points, or 1.11%, and closed at 37.47 on Friday, December 5, 2025. Weekly volume was -13% 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 (16.66) 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 October 21, 2025 at 31.47 and reached 38.27 on December 5, 2025. DVN gained -6.80 points, or -21.61%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 36.78 and resistance is at 38.13. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 November 7, 2025. This is an indication that the medium-term trend is up. 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 October 30, 2025 at 31.65 and reached 38.27 on December 5, 2025. DVN gained -6.62 points, or -20.92%, in 36 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.78 and resistance is at 40.30. 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 short-term trend.
 Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 30, 2025. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
12 |
| Industry |
Oil & Gas Exploration & Production |
72 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
34.79 |
| Low Date |
11/21/2025 |
| High |
38.27 |
| High Date |
12/05/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
40.30 |
| Support |
36.78 |
| Low |
31.65 |
| Low Date |
10/30/2025 |
| High |
38.27 |
| High Date |
12/05/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
38.13 |
| Support |
36.78 |
| Low |
31.47 |
| Low Date |
10/21/2025 |
| High |
38.27 |
| High Date |
12/05/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.89 |
| Low Date |
04/09/2025 |
| High |
38.27 |
| High Date |
12/05/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
33.31 |
| Support |
16.66 |
| High |
79.40 |
| High Date |
06/09/2022 |
| Low |
25.89 |
| Low Date |
04/09/2025 |
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