| DVN latest price $49.2500 (-1.66%) ($48.4230 - $49.8200) on Thu. Oct. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.12% (three month average) |
RSI | 54 |
Latest Price | $49.2500(-1.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 1% a day on average for past five trading days. |
Weekly Trend | DVN advances 5% 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(86%) XLE(79%) OIH(76%) USO(68%) VYM(56%) |
Factors Impacting DVN price | DVN will decline at least -1.06% in a week (0% probabilities). UUP(-21%) EDOC(-17%) BNDX(-13%) SHY(-11%) VCSH(-7%) |
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 | -1.06% (StdDev 2.12%) |
Hourly BBV | -1 () |
Intraday Trend | 0.1% |
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