Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
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DVN · Devon Energy Corporation

$50.02 +2.12% Sep 10 close
Detected setup Trend Only · Setup Score 79/100

Stand aside — setup invalidated

Setup score 79, but distribution days reach 5 or more — stand aside until the condition resets.

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$DVN

Devon Energy Corporation

Devon Energy Corporation is a large-cap Integrated Oil company in the Energy Minerals sector with a market cap of $55B.

Energy Minerals Integrated Oil stock Stage 2 · Advancing Base 1 Scan vol↑ 1.5×
$50.02 latest close
Verdict · setup score 79/100 · data Sep 10 close · 1 session old

Stand aside — setup invalidated

Setup score 79, but distribution days reach 5 or more — stand aside until the condition resets.

Earnings

Normal technical setup

No sourced report date Event risk is not modelled for this symbol

Deterministic evidence

DVN+2.12%
Sector proxy · XLE-0.58%
Broad market · SPY-0.60%
Same completed session window ending 2026-09-10. DVN was +2.70 points vs XLE. +2.72 points vs SPY.

Session internals Strong momentum

Rule: closed up, at or above the open, in the top third of the day's range. Judged on internals, not on the size of the move.

Vs prior close+2.12% From the open+0.06% Range position99% GapHeld
QQQ confirmationDiverging (-1.06%) SMH confirmationDiverging (-2.44%)
Short-term conviction -1 points.
  • QQQ, SMH moved against the stock — no index confirmation.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $50.02 +2.1% Sep 10 close
52W High $52.71 5.1% below high
Wks Since High 22w
Base Depth 22.7% 24.1% today
RS Rank 50 percentile of scan
SMA 50 $45.25
Avg Vol 10,768,003
Rel Vol (Sep 10) 1.55×
More stats
52W Low $31.47
Tight Wks 0
Base B1
SMA 200 $43.72
RS Line vs High -19.6%
RS Line Slope +15.7% ▲
Group Rank #22/58
ADR% 2.2%
ATR(14) $1.16 (2.3%)
Vol Pace (live) N/A
U/D Vol 0.96
A/D Days 16A / 18D
A/D Rating D
VDU Bars 0/10 d
Power Trend 23d
Position in 52-week range 87thpercentile of the 52-week range
$31.47low
$52.71high

DVN Chart

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Technical Analysis Report Card

$DVN · $50.02 · as of 2026-09-10 · multi-factor read
91
/ 100
Technicals 91/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Uptrend
Weekly ▲ Recovering / early uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$45.25 ↑
100-day$45.67 ↑
200-day$43.72 ↑
Bullish (50 > 200)

RSI (14)

Reading65.9 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateBullish
Histogram+0.039

Bullish — MACD above its signal line and above zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width89% · 11.0%
Squeeze — volatility compressing

Near the upper band — buyers in control. Bands are squeezing — volatility is compressing, often a precursor to a sharp move.

Volume · Buyer vs Seller

Up/Down vol0.96 · Neutral
Rel volume1.55×

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

Support & Resistance

R · $50.37swing level
R · $51.95swing level
R · $52.7152-week high
Price · $50.02now
S · $46.16swing level
S · $44.20swing level
S · $43.63swing level

Fibonacci · Downtrend swing

23.6%$42.99
38.2%$44.85
50.0%$46.35
61.8%$47.85
78.6% ◄ price here$49.99

Retracement resistance zones measured from the recent swing high down to the low.

The verdict is free. The trade plan is Pro.
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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullish
Want this read in a legend's voice? Ask a Legend about DVN
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.

Council consensus: 4 of 6 legends are Watching — building, not yet a confirmed buy.
Avoid
Minervini D

Trend-template read: fails 50-day MA > 150-day MA AND 200-day MA.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $50.02, MA150 $45.86, MA200 $43.72
1.2 150-day MA > 200-day MAMA150 $45.86 vs MA200 $43.72
Failing evidence
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $45.25, MA150 $45.86, MA200 $43.72
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 59
6/11 checks
Avoid
O'Neil D

CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.

Passing evidence
N: Near 52-week high or RS line new high5.1% below high | RS line new high: False
S: Volume ≥ 40% above average on breakoutVolume ratio 1.55x
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 59
C: Quarterly EPS acceleration ≥ 25%Data unavailable
3/8 checks
Watch
Weinstein C

Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $50.02 vs MA200 $43.72
Failing evidence
Relative strength ≥ 60RS 59
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Watch
Livermore B

Pivotal-point read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$50.02
Volume vs average1.55x
Failing evidence
Relative strengthRS 59
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Watch
Darvas B

Box-theory read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$50.02
Volume vs average1.55x
Failing evidence
Relative strengthRS 59
Box top broken on heavy volumeNot confirmed
4/6 checks
Watch
Wyckoff B

Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$50.02
Volume vs average1.55x
Failing evidence
Relative strengthRS 59
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
4/6 checks
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Latest candle: Hammer — Long lower shadow with a small body near the high — buyers rejected lower prices. Bullish when it appears at support or after a pullback.

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
121RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -3 D
A: 14 D: 17 Net: -365 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/7 met
C 2/7 criteria
Separate score from the Minervini Trend Template (6/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
Revenue growth ≥20% YoY +8%
Gross margin ≥30%
ROE ≥17%
RS rating ≥80 (leadership) 59
Stage 2 uptrend (Weinstein) Stage 2
Within 25% of 52W high -5.1%

Method Playbook

Trade it like Weinstein EXACT LEVELS · PRO
Weinstein C · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use Stage 1 resistance and the rising 30-week moving average as the Stage 2 transition boundary.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a Stage 2 breakout above resistance on expanding volume; avoid entries while the 30-week average is flat or falling.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start below the breakout structure or Stage 1 support where a return to the base invalidates the Stage 2 transition.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Trail beneath rising 30-week support or later higher swing lows while Stage 2 remains intact.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on a decisive 30-week support failure or a Stage 3/Stage 4 transition; never treat a failed Stage 2 break as healthy consolidation.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Forming Patterns (predictive — not confirmed)

Cup & Handle bullish early
60% built

Cup base building — 79% of the 24%-deep cup recovered. Watch for the right side to reach ~52.71, then a handle.

Confirms above 52.71
Invalidates at 46.35
Rim 52.71
Cup Low 39.99
Pivot 52.71
Mid Cup 46.35

Cup depth 24%, recovery 79%, handle=not yet

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis

79 setup score
RS Score 59
Trend template 6/8
Why This Setup?
Trend Only · schematic

Gatekeeper 6/8 | Moderate trend (6/8) | Volume surging | Power Trend | Stage 2 | Gap-up day (1.6× vol)

The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

2/7 universals met
  • A relative-strength leader — not met RS rank 50 — laggard
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Clear of earnings — partly met Report date unknown
  • Not chasing (in range) — partly met Pivot distance unknown
  • In a confirmed uptrend — met Stage 2 · Trend template 6/8
  • Volume confirms — met 1.6× average
Why these seven? → The Universal Edge

Minervini Trend Template

6/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $50.02 vs SMA150 $45.86 / SMA200 $43.72
SMA 150 above SMA 200 SMA150 $45.86 vs SMA200 $43.72
SMA 200 trending up Slope +1.42 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $45.25
Price above SMA 50 $50.02 vs SMA50 $45.25
30%+ above 52-week low +58.9% from $31.47
Within 25% of 52-week high -5.1% from $52.71
RS score above 70 RS 59

Fundamentals

52W Range
87%
Mkt Cap SEC
55.0B
Rev YoY
+8%
EPS TTM
$4.17
P/E TTM
12.0x
Float
1.1B

Company

Company profile
Devon Energy Corporation
DVN · NYSE · Energy Minerals · Integrated Oil

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
6/8
W. RS
70
W. Support
$39.99
W. Resist
$52.71
Weekly Structure

Scan History

20× streak
Sep 09: 73 (Trend Only)Sep 10: 70 (Trend Only)Sep 10: 71 (Trend Only)Sep 11: 78 (Trend Only)Sep 11: 78 (Trend Only)Sep 11: 79 (Trend Only)79
Sep 11
Trend Only ✓ Gate
79
Sep 11
Trend Only ✓ Gate
78
Sep 11
Trend Only ✓ Gate
78
Sep 10
Trend Only ✓ Gate
71 0.0%
Sep 10
Trend Only ✓ Gate
70 0.0%
Sep 09
Trend Only ✓ Gate
73 +2.1%

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