| DVN latest price $52.6600 (0.3%) ($52.5700 - $53.3300) on Fri. Sep. 8, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.81% (three month average) |
RSI | 68 |
Latest Price | $52.6600(0.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DVN advances 0.6% a day on average for past five trading days. |
Weekly Trend | DVN advances 3.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support DVN advance at 0% a week (0% probability) XOP(89%) XLE(86%) OIH(81%) USO(67%) XAR(54%) |
Factors Impacting DVN price | DVN will decline at least -0.905% in a week (0% probabilities). VXX(-9%) UUP(-9%) IGOV(-7%) BNDX(-7%) SHY(-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 | -0.905% (StdDev 1.81%) |
Hourly BBV | -1.1 () |
Intraday Trend | -0.3% |
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