| DVN latest price $16.7200 (9.21%) ($15.6600 - $16.7400) on Fri. Dec. 4, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.88% (three month average) |
RSI | 78 |
Latest Price | $16.7200(9.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 2.6% a day on average for past five trading days. |
Weekly Trend | DVN advances 7.8% 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) OIH(80%) XOP(75%) XLE(74%) IWN(53%) XME(52%) |
Factors Impacting DVN price | DVN will decline at least -2.44% in a week (0% probabilities). VIXM(-26%) UUP(-19%) VXX(-10%) TLT(-9%) SHY(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.44% (StdDev 4.88%) |
Hourly BBV | 0 () |
Intraday Trend | 6.2% |
| |
|
|