| DVN latest price $62.8500 (4.11%) ($61.0800 - $63.1300) on Fri. Jul. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.95% (three month average) |
RSI | 70 |
Latest Price | $62.8500(4.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 2.7% a day on average for past five trading days. |
Weekly Trend | DVN advances 6.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(80%) IWD(54%) IWM(51%) IWN(50%) IWO(50%) |
Factors Impacting DVN price | DVN will decline at least -1.975% in a week (0% probabilities). UUP(-19%) VIXM(-17%) SHY(-9%) VXX(-4%) BNDX(-4%) |
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 | -1.975% (StdDev 3.95%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.9% |
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