US stock / ETF

Devon Energy Corporation

DVN · NYSE · USD

1 weekBearish67%
Weekly Downside probability 67%Bearish

DVN 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $43.88 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 StateRange
Momentum mixed

RSI 50.8, MACD -0.923

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $3.89 (8.87%)

Weekly

EMA Structure

Range
EMA 8$43.44Bullish
EMA 21$43.88Bearish
EMA 50$41.69Bullish

Signals

CategoryReadStrength
Momentum
RSI 50.8 · MACD -0.923

Neutral zone

Strength
Range
Volatility
ATR $3.89 · BB 26.68%

High volatility

Strength
Bearish
Volume
MFI 46.6 · OBV 7.69%

Relative to 20-period average volume

Strength
Range
Price Levels
$34.23 - $52.71

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+29.13% · 3.3 ATR above latest close

$56.6
Nearest resistance

+20.26% · 2.3 ATR above · 34-bar high

$52.71
Current price

Price shown is delayed

$43.83
Nearest support

-21.9% · 2.5 ATR below · 34-bar low

$34.23
Deeper support zone

-30.78% · 3.5 ATR below latest close

$30.34
ATR zone

Latest close ± ATR14

$39.94 - $47.72

Indicators

Trend

Dow Theory Structure

Confirmation $40, invalidation $47.25

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

Trend strength is active

28.1 / 9.4 / 26.4Bearish
Supertrend (10,3)

Price is above Supertrend

$33.59Bullish
Ichimoku Cloud

Cloud Span A / Span B

$44.8 / $42.09Bearish
Donchian Channel (20)

20-period breakout channel position

30%Range

Volatility

ATR (14)

High volatility

$3.89 (8.87%)Bearish
Bollinger Bands (20,2)

Width 26.68%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$50.35 / $37.52Bearish
ATR channel lower / upper

Current Volatility Envelope

$39.94 / $47.72Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$52.71Range
Support

Nearest Downside Decision Level

$34.23Range

Momentum

RSI (14)

Neutral zone

50.8Range
MACD (12,26,9)

Histogram is negative

-0.923Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

32.1 / 18.2Bullish
Williams %R (14)

Neutral zone

-67.9Range
CCI (20)

Balanced zone

-71.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.6Range
OBV slope

20-period OBV slope

7.69%Bullish
Volume ratio

Relative to 20-period average volume

0.63xBearish

Trend

Dow Theory Structure

Confirmation $40, invalidation $47.25

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

Trend strength is active

28.1 / 9.4 / 26.4Bearish
Supertrend (10,3)

Price is above Supertrend

$33.59Bullish
Ichimoku Cloud

Cloud Span A / Span B

$44.8 / $42.09Bearish
Donchian Channel (20)

20-period breakout channel position

30%Range

Momentum

RSI (14)

Neutral zone

50.8Range
MACD (12,26,9)

Histogram is negative

-0.923Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

32.1 / 18.2Bullish
Williams %R (14)

Neutral zone

-67.9Range
CCI (20)

Balanced zone

-71.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$3.89 (8.87%)Bearish
Bollinger Bands (20,2)

Width 26.68%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$50.35 / $37.52Bearish
ATR channel lower / upper

Current Volatility Envelope

$39.94 / $47.72Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.6Range
OBV slope

20-period OBV slope

7.69%Bullish
Volume ratio

Relative to 20-period average volume

0.63xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$52.71Range
Support

Nearest Downside Decision Level

$34.23Range

Related Forecasts