| DVN latest price $11.7700 (-2.24%) ($11.6350 - $12.0463) on Thu. Aug. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.98% (three month average) |
RSI | 65 |
Latest Price | $11.7700(-2.24%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 2.7% a day on average for past five trading days. |
Weekly Trend | DVN advances 2.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(82%) XOP(78%) XLE(77%) IWN(58%) IWD(55%) |
Factors Impacting DVN price | DVN will decline at least -2.49% in a week (0% probabilities). VIXM(-28%) UUP(-18%) TLT(-12%) VXX(-11%) BNDX(-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 | -2.49% (StdDev 4.98%) |
Hourly BBV | 0 () |
Intraday Trend | -1.1% |
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