DVN

Devon EnergyEnergy

$45.04-0.55%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$45.04

MAYJUNJUL

Trade the Breakout

Momentum is building with this Rounding Bottom. See the live chart action.

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Quick Actions

Trade Plan: Rounding Bottom

Risk/Reward

1:2

Entry

$46.92

Stop

$43.46

Target

$53.83

Chart Pattern

Rounding Bottom

Gradual reversal from bearish to bullish.

Market Analysis

Traders are watching Devon Energy (DVN) as price action tightens. Price has moved to $45.04 (-0.55%) amidst recent volatility. The primary technical feature is a Rounding Bottom formation. Volume is average (0.92x avg) with moderate trend strength (49.5). A potential breakout level is identified at $46.92, targeting $53.83 with support near $43.46 (R:R 2.0).

Community Sentiment

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Peer Analysis

Hal Bearish Flag Tpl Bullish Flag Wmb Descending Triangle Slb Rounding Bottom Trgp Ascending Triangle

Pattern Peers

Ph Rounding Bottom Hig Rounding Bottom Fitb Rounding Bottom Ltc Rounding Bottom Usb Rounding Bottom