Devon Energy is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. Co.'s operations are concentrated in various onshore areas in U.S. Co. focuses on various U.S. oil and liquids plays located in the Delaware Basin, Anadarko Basin, Williston Basin, Eagle Ford and Powder River Basin.
When researching a stock like Devon Energy, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from DVN Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for DVN stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the DVN 200 day moving average ("DVN 200 DMA"), while one of the most popular "shorter look-backs" is the DVN 50 day moving average ("DVN 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Devon Energy. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the DVN 200 DMA and the DVN 50 DMA, we get a moving average convergence divergence indicator ("DVN MACD"). The DVN MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis