Devon Energy Corporation (DVN) Stock Price & Analysis
Market: NYSE • Sector: Energy • Industry: Oil & Gas Exploration & Production
Devon Energy Corporation (DVN) Profile & Business Summary
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
Key Information
| Ticker | DVN |
|---|---|
| Exchange | NYSE |
| Official Site | https://www.devonenergy.com |
Market Trend Overview for DVN
One model, two time views: what the market looks like right now, and where the larger trend is heading over time.
SRE (WhaleQuant Structural Regime Engine) SRE evaluates how price structure evolves across daily and weekly timeframes to define the prevailing market regime. Beyond identifying trends, consolidations, and exhaustion phases, it distinguishes between raw structural strength and deployable participation quality. The model dynamically adjusts for structural context and extension risk, assessing whether conditions are supportive, stretched, fragile, or structurally impaired. Its purpose is not to forecast precise price levels, but to determine whether risk deployment is aligned with underlying market structure.
Longer-Term Market Trend (Mid to Long Term)
Shows the bigger market trend, how strong it is, and where risks may start to build over the next few weeks or months. — Updated as of 2026-08-17 (ET)
As of 2026-08-17, DVN is in a strong upward move. Over the longer term, the trend remains bullish.
DVN last closed at 47.57. The price is about 1.9 ATR above its recent average price (44.20), and the market is currently in a strong upward move. Price at 47.57 is holding above minor support near 45.99. If price continues higher, it may face minor resistance around 50.79. View Support & Resistance from Options
The trend is still positive, but signs of slowing momentum suggest growing two-sided risk.
Trend score: 95 out of 100. Overall alignment is strong. The market is currently in a strong and established uptrend. Trend signals are well aligned across timeframes, suggesting a stable and consistent trend.
There is no clear key risk boundary right now.
A systematic trend-activation signal was most recently triggered on 2026-07-23, reflecting a technical shift toward positive directional alignment.
[2026-07-31] Price moved quickly and looked strong, but participation was limited.
Recent bars show mixed price behavior without a clear shift in structural quality or efficiency.
Some late-day positioning was observed, but it lacked strong overnight commitment.
As of 2026-08-17, price has extended significantly above its primary volume area, entering a liquidity-thin zone. While the uptrend remains intact, the risk of chasing strength has increased.
The model does not deploy the setup because the current position looks stretched and more vulnerable to pullback or digestion.
The model does not deploy this setup because pullback risk is 57% and recent price behavior has shown failed reversal memory. Predictability is 66%, agreement is 93%, and reversal risk is 18%.
NOTE: This next-day up/down probability forecast module is still being tested for accuracy. Please do not rely on it for investment decisions. The model does not account for black swan events or company-specific fundamental news, and its estimates are based solely on technical conditions, capital flow, and market sentiment. View forecast history
This estimate uses 1-minute price, volume, and VWAP data from the last 18 trading days, with turnover-based decay. The sample period is 2026-07-23 to 2026-08-17. The current price is 47.57, 7.11% above the estimated average cost of 44.41. An estimated 97.5% of recent positioning is below the current price, while 1.9% is above it. The peak-density price is 45.34. The largest concentrated cost region is 43.73 to 44.57 and contains 26.2% of the estimated distribution. The nearest region below the current price is 44.85 to 45.55.
Short Interest & Covering Risk for DVN
This analysis looks at overall short interest positioning, focusing on the broader setup rather than short-term noise.
Shows how likely a short squeeze may be under current market conditions.
Short Exposure Percentile
Short interest is relatively low, indicating limited pressure from short positions. (Historical percentile: 0%)
Structure Analysis
DVN Short positioning is starting to look crowded. Current days to cover is 3.0 trading days, meaning short positions would unwind somewhat slower than average. Short covering could add extra momentum to price moves. Early signs of positioning pressure are emerging (Fragility Score 42/100, DTC percentile 100%) while price maintains a mild upward bias (20D return 8.7%) and liquidity contracting meaningfully (volume -32%). Short positioning is at extreme historical levels.
Risk Summary
Some early warning signs are emerging. Price strength remains intact, but underlying support may be starting to weaken.This indicator is intended as a risk filter, not a directional signal. A High or Extreme reading does not predict an immediate move, but suggests that if prices weaken, downside reactions may be more pronounced.
Why Price Reactions May Be Stronger?
Days-to-Cover is elevated versus its own history, but absolute short interest remains moderate. Average trading volume is weakening, indicating contracting liquidity. Price action is compressing (range is tightening), which can make breaks more sensitive. Price is consolidating near highs with a weak upward bias; surface strength may mask a more fragile structure. Adaptive thresholds applied to liquidity weakness, near-high detection, and compression sensitivity. High-level consolidation and compression suggest a fragile upside structure. As a result, similar news or market events could lead to price moves about 2× larger than usual.
Note:
Short interest data is reported every two weeks by
FINRA.
The most recent snapshot is
2026-07-31 (ET).
Because this data updates slowly, it is not intended to predict short-term price moves. Instead, it helps describe longer-term market structure and where pressure may be building if prices begin to move.