| DVN latest price $50.0500 (2.25%) ($49.0900 - $50.5100) on Wed. Jun. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 61 |
Latest Price | $50.0500(2.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 1.7% a day on average for past five trading days. |
Weekly Trend | DVN declines -0.1% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off 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(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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.2% (StdDev 2.4%) |
Hourly BBV | 1.2 () |
Intraday Trend | 1.5% |
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