| DVN latest price $50.0800 (0.3%) ($49.8700 - $50.8350) on Wed. Oct. 18, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.11% (three month average) |
RSI | 52 |
Latest Price | $50.0800(0.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 1.4% a day on average for past five trading days. |
Weekly Trend | DVN advances 3.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(88%) XLE(82%) OIH(80%) USO(71%) XAR(60%) |
Factors Impacting DVN price | DVN will decline at least -1.055% in a week (0% probabilities). UUP(-18%) TBT(-6%) BNDX(-6%) IGOV(-0%) SHY(2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.055% (StdDev 2.11%) |
Hourly BBV | 0.7 () |
Intraday Trend | -0.4% |
| |
|
|