Devon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Devon Energy stock prices and determine the direction of Devon Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Devon Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
Devon
On March 18, 2024 Devon Energy had Daily Balance Of Power of 0.3733. Balance of Power indicator (or BOP) measures the strength of Devon Energy market sensitivity to bulls and bears. It estimates the ability of Devon Energy buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Devon Energy Balance of Power indicator one can determine a trend of the price direction.
On March 19 2024 Devon Energy was traded for 238.53 at the closing time. The highest price during the trading period was 238.53 and the lowest recorded bid was listed for 235.41 . The volume for the day was 8.0. This history from March 19, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.33% . The overall trading delta to the current price is 2.07% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
For every potential investor in Devon, whether a beginner or expert, Devon Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Devon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Devon. Basic forecasting techniques help filter out the noise by identifying Devon Energy's price trends.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Devon Energy stock to make a market-neutral strategy. Peer analysis of Devon Energy could also be used in its relative valuation, which is a method of valuing Devon Energy by comparing valuation metrics with similar companies.
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Devon Energy's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Devon Energy's current price.
Market strength indicators help investors to evaluate how Devon Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Devon Energy shares will generate the highest return on investment. By undertsting and applying Devon Energy stock market strength indicators, traders can identify Devon Energy entry and exit signals to maximize returns.
The analysis of Devon Energy's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Devon Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting devon stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Information and Resources on Investing in Devon Stock
When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:
For information on how to trade Devon Stock refer to our How to Trade Devon Stock guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.