Analysis Summary for Devon Energy (DVN)
Date of Analysis: January 19th, 2024
Time Target: A massive medium cluster arrives on June 17th, 2024.
Price Target: $27.5 (+/- $2.5)
Projected Move: Our time and mathematical calculations suggest that the bottom is not yet in and it will arrive at around $27.5 – most likely around June 17th. Once the bottom is put in place, DVN is expected to surge higher. The next up-cycle composite is expected to arrive in December of 2025. As the chart below suggests we expect to see $95 by late 2025.
