Meanwhile, Bernstein upgraded its Devon Energy Corp [DVN] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Wolfe Research also remained covering DVN and has increased its forecast on January 03, 2025 with a “an Outperform” recommendation from previously “Peer perform” rating. JP Morgan revised its rating on December 05, 2024. It rated DVN as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of DVN
On Tuesday, Devon Energy Corp [NYSE:DVN] saw its stock fall -1.59% to $32.17. Over the last five days, the stock has lost -6.18%. Devon Energy Corp shares have fallen nearly -1.71% since the year began. Nevertheless, the stocks have fallen -34.12% over the past one year. While a 52-week high of $49.82 was reached on 02/20/25, a 52-week low of $25.89 was recorded on 04/09/25. SMA at 50 days reached $32.72, while 200 days put it at $36.89.
Levels Of Support And Resistance For DVN Stock
The 24-hour chart illustrates a support level at 31.95, which if violated will result in even more drops to 31.73. On the upside, there is a resistance level at 32.56. A further resistance level may holdings at 32.96. The Relative Strength Index (RSI) on the 14-day chart is 49.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.10%. Stochastics %K at 60.74% indicates the stock is a holding.
