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- 1/9/2026 -
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Devon Energy Corp. (DVN) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Devon Energy Corp. (DVN). During the week, the DVN dropped -2.11 points, or -5.57%, and closed at 35.76 on Friday, January 9, 2026. It was the worst weekly loss since October 3, 2025. Weekly volume was 16% above 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 (15.45) is broken. A broken support is considered to be a long-term bullish signal. 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 April 9, 2025 at 25.89 and reached 38.48 on December 10, 2025. DVN gained -12.59 points, or -48.63%, in 35 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DVN weekly technical indicators chart]
Weekly technical indicators are neutral.

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 downtrend had started on December 10, 2025 at 38.48 and reached 34.23 on January 7, 2026. DVN lost 4.25 points, or 11.04%, in 28 days. Price is near the Fibonacci 38.2% retracement level.

Daily Technical Indicators: [See DVN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since December 11, 2025. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.21
Williams' Percentage Range (W%R) 51.70
Lane's Stochastic (%D-Slow) 30.01
Greed/Fear Indicator (GFI) 42.85
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.73
Williams' Percentage Range (W%R) 32.60
Lane's Stochastic (%D-Slow) 72.63
Greed/Fear Indicator (GFI) 64.88
Moving Average Converg./Diverg. (MACD) 0.38
Trading Signals
Description Value Chart
Upper Bollinger Band 37.80
Parabolic System 37.67
Weekly Stochastic Crossing 37.11
20 Day Moving Average 36.29
Price 35.76
50 Day Moving Average 35.70
Daily Stochastic Crossing 35.31
Lower Bollinger Band 34.61
Yearly Trendline Resistance 32.10
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Oil & Gas Exploration & Production 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.19
High Date 01/02/2026
Low 34.23
Low Date 01/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.48
High Date 12/10/2025
Low 34.23
Low Date 01/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.47
Low Date 10/21/2025
High 38.48
High Date 12/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.89
Low Date 04/09/2025
High 38.48
High Date 12/10/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 32.10
Support 15.45
High 79.40
High Date 06/09/2022
Low 25.89
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.