Devon Energy's 15-minute chart shows MACD and KDJ Death Cross signals.

Devon Energy's 15-minute chart has recently displayed two significant technical indicators: a MACD Death Cross and a KDJ Death Cross, both of which occurred on July 31, 2025, at 11:00. These indicators suggest that the stock price has the potential to continue falling, as the momentum of the stock price is shifting towards the downside and may lead to further decreases in the near term.

Devon Energy Corporation (DVN), a leading independent oil and natural gas exploration and production company, has recently shown signs of a potential downward trend in its stock price, as indicated by two significant technical indicators: a MACD Death Cross and a KDJ Death Cross. Both indicators occurred on July 31, 2025, at 11:00, suggesting a shift in momentum towards the downside [1].

The MACD (Moving Average Convergence Divergence) Death Cross occurs when the MACD line crosses below the signal line, often indicating a change in trend. Similarly, the KDJ (Kaufman Adaptive Moving Average) Death Cross signals a change in the price trend when the K line crosses below the D line. These technical indicators are widely used by investors to predict future price movements.

Devon Energy has been underperforming the broader market and the oil and gas sector over the past year. Its shares have declined by 26.9% over the past 52 weeks, while the S&P 500 Index has surged by 17% [1]. Despite this underperformance, analysts maintain a "Moderate Buy" rating for the company, with 16 "Strong Buys," two "Moderate Buys," and seven "Holds" [1].

On July 28, Devon Energy shares rose over 3% due to a surge in WTI crude oil prices, reaching a one-week high. However, the recent technical indicators suggest that this short-term rally may not be sustainable [1].

For the current year, analysts expect Devon Energy to report a 14.1% year-over-year decline in earnings to $4.14 per share. The company has exceeded the Street’s bottom-line estimates in three of the past four quarters, while missing on another occasion [1].

Raymond James analyst John Freeman reiterated his "Outperform" rating on Devon Energy on July 22, raising the price target from $40 to $45. However, the mean price target of $44.04 indicates a 30.5% premium to current price levels, while the Street-high target of $66 suggests a staggering 95.5% upside potential [1].

In conclusion, while Devon Energy has shown signs of a potential downward trend in its stock price, it is essential to consider both technical and fundamental factors when making investment decisions. The recent technical indicators should be monitored closely, but investors should also evaluate the company's financial performance and the broader market conditions.

References:
[1] https://www.barchart.com/story/news/33777295/devon-energy-stock-outlook-is-wall-street-bullish-or-bearish