| DVN latest price $54.7400 (1.52%) ($53.5600 - $55.0450) on Wed. Mar. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.65% (three month average) |
RSI | 34 |
Latest Price | $54.7400(1.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.4% a day on average for past five trading days. |
Weekly Trend | DVN declines -6.4% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) XOP(88%) XLE(87%) OIH(79%) USO(70%) VYM(63%) |
Factors Impacting DVN price | DVN will decline at least -1.325% in a week (0% probabilities). VIXM(-32%) SHY(-29%) BNDX(-18%) VXX(-15%) EDOC(-13%) |
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 | -1.325% (StdDev 2.65%) |
Hourly BBV | 0.5 () |
Intraday Trend | 1.8% |
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