| DVN latest price $55.7000 (1.75%) ($54.2000 - $56.0000) on Thu. Mar. 2, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.67% (three month average) |
RSI | 39 |
Latest Price | $55.7000(1.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.3% a day on average for past five trading days. |
Weekly Trend | DVN declines -5.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) XOP(88%) XLE(87%) OIH(79%) USO(70%) VYM(63%) |
Factors Impacting DVN price | DVN will decline at least -1.335% in a week (0% probabilities). VIXM(-32%) SHY(-29%) BNDX(-18%) VXX(-15%) EDOC(-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 | -1.335% (StdDev 2.67%) |
Hourly BBV | 2.1 () |
Intraday Trend | 2.7% |
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