| DVN latest price $53.5300 (1.5%) ($52.1000 - $53.5900) on Wed. Apr. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.73% (three month average) |
RSI | 76 |
Latest Price | $53.5300(1.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 1.5% 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 | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) XOP(87%) XLE(86%) OIH(77%) USO(70%) VYM(63%) |
Factors Impacting DVN price | DVN will decline at least -1.365% in a week (0% probabilities). VXX(-31%) VIXM(-24%) SHY(-18%) UUP(-10%) SMH(-8%) |
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 | -1.365% (StdDev 2.73%) |
Hourly BBV | 0.9 () |
Intraday Trend | 1.3% |
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