| DVN latest price $54.0000 (1.89%) ($53.4300 - $54.2180) on Mon. Jul. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.04% (three month average) |
RSI | 66 |
Latest Price | $54.0000(1.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.3% a day on average for past five trading days. |
Weekly Trend | DVN advances 3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) XOP(85%) XLE(82%) OIH(74%) USO(67%) XAR(55%) |
Factors Impacting DVN price | DVN will decline at least -1.02% in a week (0% probabilities). VXX(-22%) VIXM(-16%) UUP(-11%) TBT(-6%) SHY(-5%) |
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 | -1.02% (StdDev 2.04%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.9% |
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