| DVN latest price $12.5300 (6.37%) ($12.2100 - $12.5800) on Mon. Nov. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.4% (three month average) |
RSI | 78 |
Latest Price | $12.5300(6.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 2.1% a day on average for past five trading days. |
Weekly Trend | DVN advances 16.3% a week on average for past two weeks. |
Market Behavior | Broad based 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(81%) XLE(76%) XOP(76%) IWN(56%) IFRA(53%) |
Factors Impacting DVN price | DVN will decline at least -2.2% in a week (0% probabilities). VIXM(-27%) UUP(-18%) VXX(-10%) TLT(-10%) BNDX(-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 | -2.2% (StdDev 4.4%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
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