| DVN latest price $11.7600 (3.8%) ($11.2000 - $11.7800) on Tue. Nov. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.34% (three month average) |
RSI | 73 |
Latest Price | $11.7600(3.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 4.2% a day on average for past five trading days. |
Weekly Trend | DVN advances 9.5% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(82%) XLE(76%) XOP(76%) IWN(56%) IWD(54%) |
Factors Impacting DVN price | DVN will decline at least -2.17% in a week (0% probabilities). VIXM(-27%) UUP(-18%) VXX(-10%) TLT(-10%) SHY(-6%) |
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 | -2.17% (StdDev 4.34%) |
Hourly BBV | 0 () |
Intraday Trend | 1.8% |
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