| DVN latest price $47.3400 (0.15%) ($47.2100 - $47.9300) on Fri. Nov. 3, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.89% (three month average) |
RSI | 35 |
Latest Price | $47.3400(0.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.2% a day on average for past five trading days. |
Weekly Trend | DVN declines -2.7% 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(88%) IVW(85%) XLE(83%) OIH(78%) USO(74%) |
Factors Impacting DVN price | DVN will decline at least -0.945% in a week (0% probabilities). UUP(-25%) BNDX(-16%) VXX(-13%) TLT(-8%) SHY(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.945% (StdDev 1.89%) |
Hourly BBV | 1.1 () |
Intraday Trend | -0.2% |
| |
|
|