US stock / ETF

Devon Energy Corporation

DVN · NYSE · USD

1 weekBearish87%
Weekly Downside probability 87%Bearish

DVN 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $43.99 and stabilize above resistance $52.71.

Invalidation Trigger

Break above $52.71 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 48.7, MACD -0.524

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $3.47 (8.08%)

Weekly

EMA Structure

Range
EMA 8$43.84Bearish
EMA 21$43.99Bearish
EMA 50$41.99Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.7 · MACD -0.524

Neutral zone

Strength
Bearish
Volatility
ATR $3.47 · BB 26.76%

High volatility

Strength
Bearish
Volume
MFI 39.5 · OBV -11.07%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$34.23 - $52.71

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+30.72% · 3.8 ATR above latest close

$56.18
Nearest resistance

+22.64% · 2.8 ATR above · 34-bar high

$52.71
Current price

Price shown is delayed

$42.98
Nearest support

-20.36% · 2.5 ATR below · 34-bar low

$34.23
Deeper support zone

-28.44% · 3.5 ATR below latest close

$30.76
ATR zone

Latest close ± ATR14

$39.51 - $46.45

Indicators

Trend

Dow Theory Structure

Confirmation $40, invalidation $46.21

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

Trend strength is active

27.2 / 8.5 / 25.5Bearish
Supertrend (10,3)

Price is above Supertrend

$34.39Bullish
Ichimoku Cloud

Cloud Span A / Span B

$44.99 / $42.09Bearish
Donchian Channel (20)

20-period breakout channel position

23%Range

Volatility

ATR (14)

High volatility

$3.47 (8.08%)Bearish
Bollinger Bands (20,2)

Width 26.76%

28%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$49.97 / $38.1Bearish
ATR channel lower / upper

Current Volatility Envelope

$39.51 / $46.45Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$52.71Range
Support

Nearest Downside Decision Level

$34.23Range

Momentum

RSI (14)

Neutral zone

48.7Range
MACD (12,26,9)

Histogram is negative

-0.524Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

25.0 / 36.7Bearish
Williams %R (14)

Neutral zone

-75.0Range
CCI (20)

Balanced zone

-70.5Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

39.5Bearish
OBV slope

20-period OBV slope

-11.07%Bearish
Volume ratio

Relative to 20-period average volume

0.83xBearish

Trend

Dow Theory Structure

Confirmation $40, invalidation $46.21

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

Trend strength is active

27.2 / 8.5 / 25.5Bearish
Supertrend (10,3)

Price is above Supertrend

$34.39Bullish
Ichimoku Cloud

Cloud Span A / Span B

$44.99 / $42.09Bearish
Donchian Channel (20)

20-period breakout channel position

23%Range

Momentum

RSI (14)

Neutral zone

48.7Range
MACD (12,26,9)

Histogram is negative

-0.524Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

25.0 / 36.7Bearish
Williams %R (14)

Neutral zone

-75.0Range
CCI (20)

Balanced zone

-70.5Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$3.47 (8.08%)Bearish
Bollinger Bands (20,2)

Width 26.76%

28%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$49.97 / $38.1Bearish
ATR channel lower / upper

Current Volatility Envelope

$39.51 / $46.45Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

39.5Bearish
OBV slope

20-period OBV slope

-11.07%Bearish
Volume ratio

Relative to 20-period average volume

0.83xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$52.71Range
Support

Nearest Downside Decision Level

$34.23Range

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