| DVN latest price $12.5100 (1.21%) ($12.3100 - $12.7500) on Wed. Aug. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.94% (three month average) |
RSI | 66 |
Latest Price | $12.5100(1.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.8% a day on average for past five trading days. |
Weekly Trend | DVN advances 7.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(82%) XOP(78%) XLE(77%) IWN(57%) IWD(55%) |
Factors Impacting DVN price | DVN will decline at least -2.47% in a week (0% probabilities). VIXM(-28%) UUP(-18%) VXX(-11%) TLT(-11%) BNDX(-7%) |
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 | -2.47% (StdDev 4.94%) |
Hourly BBV | 0 () |
Intraday Trend | -1.3% |
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