| DVN latest price $64.0300 (1.88%) ($63.2700 - $64.7800) on Thu. Jan. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.06% (three month average) |
RSI | 55 |
Latest Price | $64.0300(1.88%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 1.2% a day on average for past five trading days. |
Weekly Trend | DVN advances 1% 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) XOP(86%) XLE(85%) OIH(75%) USO(65%) VYM(57%) |
Factors Impacting DVN price | DVN will decline at least -1.53% in a week (0% probabilities). VIXM(-28%) SHY(-24%) BNDX(-18%) UUP(-14%) VXX(-13%) |
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 | -1.53% (StdDev 3.06%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1% |
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