Where Will Devon Energy Corp (DVN) Stock Go Next After It Is Higher By 6.23% in a Week?

Devon Energy Corp (DVN) stock has gained 6.23% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Devon Energy Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DVN!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DVN Stock Today?

Devon Energy Corp (DVN) stock is trading at $60.23 as of 1:20 PM on Wednesday, Aug 10, a gain of $1.19, or 2.02% from the previous closing price of $59.04. The stock has traded between $57.93 and $60.34 so far today. Volume today is less active than usual. So far 5,052,975 shares have traded compared to average volume of 11,105,637 shares. To screen for more stocks like Devon Energy Corp click here.

More About Devon Energy Corp

Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2021, Devon's proved reserves totaled 1.6 billion barrels of oil equivalent, and net production that year was 572 mboe/d (of which, oil and natural gas liquids made up 74% of production, with natural gas accounting for the remainder). Click Here to get the full Stock Report for Devon Energy Corp stock.