| DVN latest price $48.3700 (-0.33%) ($48.2350 - $49.7300) on Mon. Jun. 5, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 53 |
Latest Price | $48.3700(-0.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.1% a day on average for past five trading days. |
Weekly Trend | DVN declines -0.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off 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(59%) |
Factors Impacting DVN price | DVN will decline at least -1.2% in a week (0% probabilities). VXX(-23%) VIXM(-17%) UUP(-9%) SHY(-8%) BWX(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.2% (StdDev 2.4%) |
Hourly BBV | 0.5 () |
Intraday Trend | -2.5% |
| |
|
|