| DVN latest price $48.5300 (3.74%) ($47.5000 - $49.0150) on Fri. Jun. 2, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.41% (three month average) |
RSI | 55 |
Latest Price | $48.5300(3.74%) |
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 -0.4% 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) XOP(87%) XLE(84%) OIH(74%) USO(68%) XME(58%) |
Factors Impacting DVN price | DVN will decline at least -1.205% in a week (0% probabilities). VXX(-22%) VIXM(-17%) UUP(-10%) SHY(-6%) BWX(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.205% (StdDev 2.41%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.1% |
| |
|
|