US stock / ETF

Devon Energy Corporation

DVN · NYSE · USD

4 hoursBullish92%
4h Upside probability 92%Bullish

DVN 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $48.53 and reclaim $51.97.

Invalidation Trigger

Lose $48.53 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 55.8, MACD 0.035

4h
Volatility EnvironmentRange
Low volatility

ATR is $0.8775 (1.7%)

4h

EMA Structure

Bullish
EMA 8$51.32Bullish
EMA 21$50.92Bullish
EMA 50$50.24Bullish

Signals

CategoryReadStrength
Momentum
RSI 55.8 · MACD 0.035

Momentum is strong

Strength
Bullish
Volatility
ATR $0.8775 · BB 7.41%

Low volatility

Strength
Range
Volume
MFI 59.7 · OBV 18.56%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$48.53 - $51.97

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.54% · 1.5 ATR above latest close

$52.85
Nearest resistance

+0.83% · 0.5 ATR above · 34-bar high

$51.97
Current price

Price shown is delayed

$51.54
Nearest support

-5.84% · 3.4 ATR below · 34-bar low

$48.53
Deeper support zone

-7.54% · 4.4 ATR below latest close

$47.65
ATR zone

Latest close ± ATR14

$50.66 - $52.42

Indicators

Trend

Dow Theory Structure

Confirmation $51.97, invalidation $50.54

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

13.1 / 31.9 / 19.0Bullish
Supertrend (10,3)

Price is above Supertrend

$49.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$50.77 / $50.11Bullish
Donchian Channel (20)

20-period breakout channel position

87%Bullish

Volatility

ATR (14)

Low volatility

$0.8775 (1.7%)Range
Bollinger Bands (20,2)

Width 7.41%

71%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$52.6 / $49.29Range
ATR channel lower / upper

Current Volatility Envelope

$50.66 / $52.42Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$51.97Range
Support

Nearest Downside Decision Level

$48.53Range

Momentum

RSI (14)

Momentum is strong

55.8Bullish
MACD (12,26,9)

Histogram is positive

0.035Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.3 / 82.9Bullish
Williams %R (14)

Overbought zone

-15.7Bearish
CCI (20)

Balanced zone

76.8Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

59.7Bullish
OBV slope

20-period OBV slope

18.56%Bullish
Volume ratio

Relative to 20-period average volume

0.56xBearish

Trend

Dow Theory Structure

Confirmation $51.97, invalidation $50.54

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

13.1 / 31.9 / 19.0Bullish
Supertrend (10,3)

Price is above Supertrend

$49.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$50.77 / $50.11Bullish
Donchian Channel (20)

20-period breakout channel position

87%Bullish

Momentum

RSI (14)

Momentum is strong

55.8Bullish
MACD (12,26,9)

Histogram is positive

0.035Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.3 / 82.9Bullish
Williams %R (14)

Overbought zone

-15.7Bearish
CCI (20)

Balanced zone

76.8Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$0.8775 (1.7%)Range
Bollinger Bands (20,2)

Width 7.41%

71%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$52.6 / $49.29Range
ATR channel lower / upper

Current Volatility Envelope

$50.66 / $52.42Range

Volume / Money Flow

MFI (14)

Money flow is strong

59.7Bullish
OBV slope

20-period OBV slope

18.56%Bullish
Volume ratio

Relative to 20-period average volume

0.56xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$51.97Range
Support

Nearest Downside Decision Level

$48.53Range

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