| DVN latest price $50.5700 (0.28%) ($50.3650 - $51.5700) on Mon. Aug. 28, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.87% (three month average) |
RSI | 47 |
Latest Price | $50.5700(0.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.2% a day on average for past five trading days. |
Weekly Trend | DVN declines -0.8% 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(89%) XLE(85%) OIH(79%) USO(67%) XAR(52%) |
Factors Impacting DVN price | DVN will decline at least -0.935% in a week (0% probabilities). VXX(-12%) UUP(-9%) BNDX(-8%) SHY(-7%) EDOC(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.935% (StdDev 1.87%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.4% |
| |
|
|