| DVN latest price $72.4500 (2.22%) ($70.9500 - $72.7600) on Wed. Aug. 24, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.63% (three month average) |
RSI | 91 |
Latest Price | $72.4500(2.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 2.5% a day on average for past five trading days. |
Weekly Trend | DVN advances 9.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) OIH(79%) IWD(55%) IWM(52%) IWO(52%) IWN(51%) |
Factors Impacting DVN price | DVN will decline at least -1.815% in a week (0% probabilities). UUP(-19%) VIXM(-16%) EDOC(-9%) TBT(-8%) SHY(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.815% (StdDev 3.63%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.6% |
| |
|
|