| DVN latest price $46.7200 (-1.31%) ($46.3300 - $47.7500) on Mon. Nov. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 27 |
Latest Price | $46.7200(-1.31%) |
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 -2.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(89%) XLE(86%) SPY(82%) OIH(81%) USO(76%) |
Factors Impacting DVN price | DVN will decline at least -0.95% in a week (0% probabilities). UUP(-25%) VXX(-17%) BNDX(-13%) TLT(-4%) IGOV(-1%) |
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 | -0.95% (StdDev 1.9%) |
Hourly BBV | -1 () |
Intraday Trend | -2.1% |
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