| DVN latest price $62.5000 (1.56%) ($60.8900 - $62.8800) on Fri. Mar. 25, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.14% (three month average) |
RSI | 55 |
Latest Price | $62.5000(1.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 1.4% a day on average for past five trading days. |
Weekly Trend | DVN advances 2.4% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(82%) XLE(64%) XOP(62%) IWD(54%) IFRA(51%) |
Factors Impacting DVN price | DVN will decline at least -1.57% in a week (0% probabilities). VIXM(-25%) UUP(-21%) SHY(-10%) VXX(-5%) BNDX(-5%) |
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 | -1.57% (StdDev 3.14%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2.5% |
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