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 support at 8.66 and 4.70. If the stock breaks down through support at 8.66 then it will probably continue lower to 4.70. The stock has resistance at 9.61 and at 10.13. If the stock breaks up through resistance at 9.61 then it will probably continue higher to 10.13. The 200-day moving average is at 13.82. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 8.66 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (42.85).”

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).”