DVN

Devon EnergyEnergy

$47.40-2.18%

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$47.40

MARAPRMAY

Trade the Breakout

Momentum is building with this Descending Triangle. See the live chart action.

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Quick Actions

Trade Plan: Descending Triangle

Risk/Reward

1:1.19

Entry

$41.92

Stop

$50.37

Target

$31.89

Chart Pattern

Descending Triangle

Bearish continuation pattern.

Market Analysis

A clear signal has emerged for Devon Energy (DVN) on the daily chart. Price has moved to $47.4 (-2.18%) amidst recent volatility. Algorithmically, a Descending Triangle structure has completed. The trend indicator is reading 23.7/100, suggesting moderate momentum. A potential breakout level is identified at $41.92, targeting $31.89 with support near $50.37 (R:R 1.19).

Community Sentiment

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