Is Devon Energy Corp. technically bullish or bearish?
2025-09-20 18:58:20As of 11 September 2025, the technical trend for Devon Energy Corp. has changed from sideways to mildly bullish. The weekly MACD is bullish, while the monthly MACD is mildly bullish, indicating positive momentum. The daily moving averages also show a bullish stance. However, the weekly KST is bullish, and the monthly KST is bearish, suggesting mixed signals. The Dow Theory presents a mildly bearish view on the weekly timeframe but is mildly bullish on the monthly. The OBV shows a mildly bearish trend weekly and mildly bullish monthly. In terms of performance, Devon Energy's returns over the past month are 4.35%, outperforming the S&P 500's 2.33%, but the stock has underperformed over the longer term, with a 1-year return of -13.28% compared to the S&P 500's 17.14%. Overall, the current stance is mildly bullish, driven primarily by the positive signals from the MACD and daily moving averages....
Read MoreIs Devon Energy Corp. overvalued or undervalued?
2025-09-20 17:30:16As of 30 June 2025, the valuation grade for Devon Energy Corp. moved from expensive to fair. The company is currently fairly valued based on its valuation ratios, which include a P/E ratio of 7, an EV to EBITDA ratio of 3.76, and a Price to Book Value of 1.43. In comparison, peers such as Occidental Petroleum Corp. have a much higher P/E ratio of 13.39, indicating that Devon is more attractively priced relative to its industry. Despite its fair valuation, Devon Energy Corp. has shown mixed performance against the S&P 500, with a year-to-date return of 6.97% compared to the index's 12.22%, and a one-year return of -13.28% versus 17.14% for the S&P 500. This suggests that while the stock is fairly valued, it has underperformed in the short term relative to the broader market....
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