| DVN latest price $45.5700 (3.45%) ($43.9700 - $45.7650) on Mon. Jan. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.02% (three month average) |
RSI | 66 |
Latest Price | $45.5700(3.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.4% a day on average for past five trading days. |
Weekly Trend | DVN advances 5.2% 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(79%) XLE(65%) XOP(64%) IWD(50%) IFRA(49%) |
Factors Impacting DVN price | DVN will decline at least -1.51% in a week (0% probabilities). VIXM(-22%) UUP(-18%) IGOV(-11%) VXX(-6%) 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 | -1.51% (StdDev 3.02%) |
Hourly BBV | 2 () |
Intraday Trend | 3.4% |
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