| DVN latest price $43.9200 (2.86%) ($43.1500 - $45.0400) on Mon. Nov. 29, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.1% (three month average) |
RSI | 49 |
Latest Price | $43.9200(2.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 1.6% a day on average for past five trading days. |
Weekly Trend | DVN advances 0.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(80%) XLE(66%) XOP(66%) IWD(52%) IFRA(51%) |
Factors Impacting DVN price | DVN will decline at least -1.55% in a week (0% probabilities). VIXM(-25%) UUP(-17%) IGOV(-12%) VXX(-8%) SHY(-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 | -1.55% (StdDev 3.1%) |
Hourly BBV | 0.2 () |
Intraday Trend | -0.2% |
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