DVN

Devon EnergyEnergy

$45.25-4.27%

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$45.25

FEBMARAPR

Trade the Breakout

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

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Quick Actions

Trade Plan: Double Bottom

Risk/Reward

1:2

Entry

$52.71

Stop

$47.59

Target

$62.94

Chart Pattern

Double Bottom

Reversal pattern after a downtrend.

Market Analysis

DVN is showing interesting structural developments at $45.25. Price has moved to $45.25 (-4.27%) amidst recent volatility. Price action has carved out a classic Double Bottom. Volume is average (0.6x avg) with moderate trend strength (44.3). A potential breakout level is identified at $52.71, targeting $62.94 with support near $47.59 (R:R 2.0).

Community Sentiment

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