Nov. 21 at 2:47 AM
$DVN is currently trading at
$35.16, showing a strong bullish momentum as indicated by an RSI of 69.21, suggesting it is nearing overbought conditions. The price is above both the 30-day MA of 33.32 and the 50-day MA of 33.95, reinforcing a bullish trend. The recent 60-day high of 37.26 provides a key resistance level, while the low of 31.47 offers support.
Given the current metrics, the directional bias is bullish. A suggested entry point could be around
$35.50, slightly above the last close, to capture potential upward movement. A stop loss should be placed at
$34.00 to limit downside risk.
Targets can be set at
$36.50 (a conservative target) and
$37.00 (near the 60-day high) to capitalize on the upward momentum while managing risk effectively.
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