US stock / ETF

Devon Energy Corporation

DVN · NYSE · USD

1 dayBearish92%
Daily Downside probability 92%Bearish

DVN 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $43.55 and stabilize above resistance $46.21.

Invalidation Trigger

Break above $46.21 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 46.8, MACD -0.133

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $1.32 (3.07%)

Daily

EMA Structure

Bearish
EMA 8$43.38Bearish
EMA 21$43.55Bearish
EMA 50$43.94Bearish

Signals

CategoryReadStrength
Momentum
RSI 46.8 · MACD -0.133

Neutral zone

Strength
Bearish
Volatility
ATR $1.32 · BB 7.99%

Medium volatility

Strength
Range
Volume
MFI 38.2 · OBV -3.44%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$40 - $46.21

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+10.57% · 3.4 ATR above latest close

$47.52
Nearest resistance

+7.5% · 2.4 ATR above · 34-bar high

$46.21
Current price

Price shown is delayed

$42.98
Nearest support

-6.95% · 2.3 ATR below · 34-bar low

$40
Deeper support zone

-10.01% · 3.3 ATR below latest close

$38.68
ATR zone

Latest close ± ATR14

$41.66 - $44.3

Indicators

Trend

Dow Theory Structure

Confirmation $42.04, invalidation $45.15

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

30.3 / 20.1 / 28.8Bearish
Supertrend (10,3)

Price is above Supertrend

$38.84Bullish
Ichimoku Cloud

Cloud Span A / Span B

$43.39 / $43.62Bearish
Donchian Channel (20)

20-period breakout channel position

23%Range

Volatility

ATR (14)

Medium volatility

$1.32 (3.07%)Range
Bollinger Bands (20,2)

Width 7.99%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$46.31 / $40.78Range
ATR channel lower / upper

Current Volatility Envelope

$41.66 / $44.3Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$46.21Range
Support

Nearest Downside Decision Level

$40Range

Momentum

RSI (14)

Neutral zone

46.8Range
MACD (12,26,9)

Histogram is negative

-0.133Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

22.6 / 24.2Bearish
Williams %R (14)

Neutral zone

-77.4Range
CCI (20)

Balanced zone

-81.2Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

38.2Bearish
OBV slope

20-period OBV slope

-3.44%Bearish
Volume ratio

Relative to 20-period average volume

1.38xBullish

Trend

Dow Theory Structure

Confirmation $42.04, invalidation $45.15

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

30.3 / 20.1 / 28.8Bearish
Supertrend (10,3)

Price is above Supertrend

$38.84Bullish
Ichimoku Cloud

Cloud Span A / Span B

$43.39 / $43.62Bearish
Donchian Channel (20)

20-period breakout channel position

23%Range

Momentum

RSI (14)

Neutral zone

46.8Range
MACD (12,26,9)

Histogram is negative

-0.133Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

22.6 / 24.2Bearish
Williams %R (14)

Neutral zone

-77.4Range
CCI (20)

Balanced zone

-81.2Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

Medium volatility

$1.32 (3.07%)Range
Bollinger Bands (20,2)

Width 7.99%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$46.31 / $40.78Range
ATR channel lower / upper

Current Volatility Envelope

$41.66 / $44.3Range

Volume / Money Flow

MFI (14)

Money flow is weak

38.2Bearish
OBV slope

20-period OBV slope

-3.44%Bearish
Volume ratio

Relative to 20-period average volume

1.38xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$46.21Range
Support

Nearest Downside Decision Level

$40Range

Related Forecasts