| DVN latest price $50.5600 (2.79%) ($49.5200 - $50.7900) on Tue. Jul. 11, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.93% (three month average) |
RSI | 60 |
Latest Price | $50.5600(2.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.7% a day on average for past five trading days. |
Weekly Trend | DVN advances 1.1% 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) XOP(87%) XLE(83%) OIH(74%) USO(68%) XME(56%) |
Factors Impacting DVN price | DVN will decline at least -0.965% in a week (0% probabilities). VXX(-24%) VIXM(-18%) UUP(-12%) TBT(-7%) BNDX(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.965% (StdDev 1.93%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.6% |
| |
|
|