| DVN latest price $15.7600 (7.95%) ($14.5400 - $15.7600) on Mon. Jun. 8, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 9.51% (three month average) |
RSI | 63 |
Latest Price | $15.7600(7.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 6.4% a day on average for past five trading days. |
Weekly Trend | DVN advances 5.3% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(83%) XOP(80%) XLE(79%) IWN(61%) IWD(58%) |
Factors Impacting DVN price | DVN will decline at least -4.755% in a week (0% probabilities). VIXM(-32%) UUP(-18%) TLT(-14%) VXX(-12%) BNDX(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -4.755% (StdDev 9.51%) |
Hourly BBV | 0 () |
Intraday Trend | 0.7% |
| |
|
|