Devon Energy (Mexico) Technical Analysis
| DVN Stock | MXN 883.93 7.07 0.79% |
As of the 19th of April, Devon Energy shows the Downside Deviation of 1.4, mean deviation of 0.9856, and Coefficient Of Variation of 488.41. Devon Energy technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Devon Energy, which can be compared to its peers. Please confirm Devon Energy maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Devon Energy is priced favorably, providing market reflects its regular price of 883.93 per share.
Devon Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Devon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DevonDevon |
Devon Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Devon Energy Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Devon Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Devon Energy Trend Analysis
Use this graph to draw trend lines for Devon Energy. You can use it to identify possible trend reversals for Devon Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Devon Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Devon Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Devon Energy applied against its price change over selected period. The best fit line has a slop of 3.22 , which means Devon Energy will continue producing value for investors. It has 122 observation points and a regression sum of squares at 392499.54, which is the sum of squared deviations for the predicted Devon Energy price change compared to its average price change.About Devon Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Devon Energy on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Devon Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Devon Energy price pattern first instead of the macroeconomic environment surrounding Devon Energy. By analyzing Devon Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Devon Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Devon Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
Devon Energy April 19, 2024 Technical Indicators
Most technical analysis of Devon help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Devon from various momentum indicators to cycle indicators. When you analyze Devon charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1322 | |||
| Market Risk Adjusted Performance | 0.6941 | |||
| Mean Deviation | 0.9856 | |||
| Semi Deviation | 0.7579 | |||
| Downside Deviation | 1.4 | |||
| Coefficient Of Variation | 488.41 | |||
| Standard Deviation | 1.42 | |||
| Variance | 2.0 | |||
| Information Ratio | 0.1563 | |||
| Jensen Alpha | 0.2558 | |||
| Total Risk Alpha | 0.1456 | |||
| Sortino Ratio | 0.1579 | |||
| Treynor Ratio | 0.6841 | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 2.81 | |||
| Downside Variance | 1.96 | |||
| Semi Variance | 0.5744 | |||
| Expected Short fall | (1.37) | |||
| Skewness | 0.5865 | |||
| Kurtosis | 1.57 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Devon Stock please use our How to Invest in Devon Energy guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Devon Stock analysis
When running Devon Energy's price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.
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