DVN pushes through prior session high

Technical Analysis Report for DVN - May 17, 2018 [< 1 min read]
DVN closes higher for the 2nd day in a row
DVN pushes through previous session high
DVN rises to highest close since January 29th
TQ Sentiment
Technical Forecast:

Moving higher for the 2nd day in a row, DVN finished Thursday at 42.36 gaining $0.96 (2.32%). Today's closing price of 42.36 marks the highest close since January 29th. Closing above Wednesday's high at 41.59, the share confirms its breakout through the previous session's high having traded $1.11 above it intraday.

Daily chart for DVN

Thursday's trading range was $1.03 (2.47%), that's slightly below last trading month's daily average range of $1.16. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.


The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

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Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
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Find out what happened when Devon Energy Corp. traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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