$DVN Devon Energy Corporation Stock Robo Analyst May 31 2020 #DVN

Devon Energy Corporation (DVN) “On a long-term technical basis, the stock (DVN) is trading below its 200-day moving average which generally implies it is in a negative trend. The stock has broken down through support at 13.61, so look for new support at 9.89.

The stock has support at 10.79 and 10.00. If the stock breaks down through support at 10.79 then it will probably continue lower to 10.00. The stock has resistance at 12.90 and at 13.61. If the stock breaks up through resistance at 12.90 then it will probably continue higher to 13.61. The 200-day moving average is at 18.94. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (49.13).”