Devon Energy Corporation (DVN) delivered a decrease of -1.74% return at the end of Wednesday trading. DVN stock closed at $41.84 after trading 2.83 million shares at hands unusually. The average volume was seen at 4.74 million shares while its relative volume was noted at 0.59. Volume is a measure of how much of a given financial asset has been traded in a given period of time. It is a very powerful tool but is often overlooked because it is such a simple indicator. Volume information can be found just about anywhere, but few traders or investors know how to use this information to increase their profits and minimize risk. When stocks are more actively traded, their trade volume is high, and when stocks are less actively traded, their trade volume is low.
Devon Energy Corporation (DVN) is a part of Basic Materials sector and belongs to Independent Oil & Gas industry. Currently the stock RSI value stays around 68.02. The relative strength index (RSI) reflected overbought area when it is above 70 and notifies oversold level when it is below 30. The short ratio of stock is 2.19. Now we move forward to observe the past performance. The stock is currently showing healthy performance of 8.11% throughout last week and witnessed Bullish performance of 13.73% in one month period. The stock price mounted 12.56% in three months and raised 36.96% for the last six months trading period. DVN indicated a yearly declining performance of -10.67% while year-to-date (YTD) performance printed -8.39% discounted outlook.
The share price yielded a positive 45.30% lead over its 52-week low and communicated declining move of -15.39% over its 52-week high. The stock price volatility prevailed at 2.60% in recent month and negotiated volatility at 3.17% for the week. Volatility refers to the amount of uncertainty or risk about the size of changes in a security’s value. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time. Analysts typically look to the historical volatility. Historical volatility is a measure of past performance. Because it allows for a more long-term assessment of risk, historical volatility is widely used by analysts and traders in the creation of investing strategies. For this relative risk measurement, the stock has beta value of 2.23. A stock with a beta less than 1 is considered less volatile than the market; more than 1 means more volatile.
A way to measure volatility is to take the average range for each period, from the low price value to the high price value. This range is then expressed as a percentage of the beginning of the period. Larger movements in price creating a higher price range result in higher volatility. Lower price ranges result in lower volatility. The stock has Average True Range for 14 days of 1.02.The average true range (ATR) is an exponential moving average of the true range. Wilder used a 14-day ATR to explain the concept. Traders can use shorter or longer timeframes based on their trading preferences. Longer timeframes will be slower and will likely lead to fewer trading signals, while shorter timeframes will increase trading activity. Most traders agree that volatility shows clear cycles and relying on this belief, ATR can be used to set up entry signals.
The company has analyst rating of 1.90 on scale of 1-5. In the profitability analysis, the company has gross profit margin of 86.90% while net profit margin was at 12.00%. The stock has 517.30 million shares outstanding. The company has 1.69 value in price to sale ratio while price to book ratio was recorded as 3.05.
Devon Energy Corporation (DVN) price traded at a gap of 8.24% from an average price of last twenty days and stands at a distance of 10.19% away from it’s an average price of recent fifty days. Take a look at most well known 200-day moving average which averages prices over the past 200 days. The 200-day moving average is the standby for long-term investors. At present time the stock is moving 16.75% away to its 200-day moving average. The most commonly used moving averages are: the 20-day moving average (because a month contains roughly 20 trading days), 50-day moving average (roughly 3 months) and 200-day moving average (often used by long term traders). It’s worth customizing moving averages for particular markets or even individual securities. Moving averages can be used to determine support and resistance levels – it may be hard for the price to cross the moving average. It can also be used to determine the trend – the price of a security in a downtrend will be below its moving average and the price of a security in an uptrend, above it.