DVN

Devon EnergyEnergy

$42.12-1.08%

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$42.12

APRMAYJUN

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

1:1.57

Entry

$41.52

Stop

$46.92

Target

$33.03

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 $42.12 (-1.08%) amidst recent volatility. Algorithmically, a Descending Triangle structure has completed. Volume is average (1.11x avg) with moderate trend strength (15.0). A potential breakout level is identified at $41.52, targeting $33.03 with support near $46.92 (R:R 1.57).

Community Sentiment

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Peer Analysis

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Pattern Peers

Has Descending Triangle Mck Descending Triangle Grmn Descending Triangle Eme Descending Triangle Omc Descending Triangle