| DVN latest price $38.0000 (5.2%) ($35.5400 - $38.1300) on Wed. Aug. 3, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.15% (three month average) |
RSI | 48 |
Latest Price | $38.0000(5.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 1% a day on average for past five trading days. |
Weekly Trend | DVN declines -1.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(84%) XOP(84%) XLE(81%) IWN(61%) IWD(59%) |
Factors Impacting DVN price | DVN will decline at least -1.575% in a week (0% probabilities). TLT(-19%) VIXM(-14%) UUP(-12%) BNDX(-6%) SHY(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.575% (StdDev 3.15%) |
Hourly BBV | 0 () |
Intraday Trend | 5.2% |
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