Sep 04, 2023 | |||
◆ Closed price | |||
52.66 | -0.49% |
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◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] | |||
◆ This week's stock price Buy-Sell strength analysis | |||
The current trend appears to be 'Entering a downtrend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a weaker LOW-price Finally, the CLOSE-price closed with a weaker decline rate than the current trend. | |||
The overall buy-and-sell strength indicates that the buy strength is stronger than the sell. | |||
Assuming that the average buy strength is 100%, | |||
This week's buy strength is | 118% | | |
◆ Next week's stock price Buy-Sell strength Forecast | |||
Based on recent stock trends and technical analysis, it looks like DVN stock is poised for an Correction trend next week | |||
The %strength of Risk & Return next week : | -47% | ||
HIGH ~ LOW % range next week : | -0.1% | -6.1% | |
Predicted Average loss over the next 3 weeks: | -17.9% | ||
The price of DVN stock moves in line with the rise and fall of the stock market index with a probability of | 61% | | |
, and conversely, it moves against the stock market index trend with a probability of | 39% | | |
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◆ DVN stock price 10 Week forecast [Short-term strategy] | |||
It is expected that the overall trend movement over the next 10 weeks will follow a descending rectangle pattern, with a ratio of 7 : 3 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected strength of the upward and downward movements, the downward strength is higher, while the upward strength is moderate. Currently, it's about to begin a downtrend as a rebound trend gradually gives way to small increases and sharp declines. and It's maintaining a suitable Buy-Sell strength for the current trend conditions. | |||
Indicating that We are currently in a bullish zone so far. But It is likely to change to a bearish zone within a few weeks. A suitable investing position is 'Sell(Bearish)' for now. The appropriate selling timing is predicted to be this week or next week. | |||
The selling date is | Sep 11 | | |
A good price to sell a stock: | $ 52.42 | ||
And the appropriate buying timing is predicted to be in 3 weeks. | |||
The buying date is | Sep 18 | to | Sep 25 |
A good price to buy a stock: | $ 47.57 | ||
(Forecast may change due to changes in the Buy-Sell strength) | |||
◆ Volatility of forecast | |||
Due to maintaining a proper flow of Buy-Sell strength that is suitable for the current trend, pretiming forecasting may have low volatility. | |||
◆ Predicting the turning point of the trend | |||
The probability of a trend reversal occurring approximately 4 weeks from now, 7 weeks from now | 38% | ||
◆ Forecast of Upper~Lower price range over the next 10 weeks | |||
Price: | 48.34 | ~ | 54.77 |
% Change: | -8.2% | ~ | 4.0% |
Median price between the upper and lower prices | 51.55 | -2.1% | |
◆ Analysis of the trend zone & level% and average strength of trends | |||
For the last 30 weeks, the average trend zone & level% | Bearish | -33% | |
The Current trend zone & level% | Bullish | 7% | |
The expected average trend zone & level% for the next 10 weeks | Bearish | -13% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 34% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -69% | (Min -100%) | |
◆ Forecasting the strength of the trend and the range of the HIGH ~ LOW | |||
Trend | Strength% | HIGH | LOW |
In 1 week: Correction trend | -47% | -0.1% | -6.1% |
In 2 weeks: Downtrend | -96% | -0.5% | -6.6% |
In 3 weeks: Entering a rebound trend | -73% | -0.2% | -3.3% |
In 4 weeks: Entering a rebound trend | 43% | 4.6% | -0.3% |
In 5 weeks: Rebound trend | 45% | 5.0% | 0.7% |
In 6 weeks: Entering a downtrend | 7% | 3.9% | -1.3% |
In 7 weeks: Entering a downtrend | -100% | 0.1% | -7.1% |
In 8 weeks: Downtrend | -83% | 1.1% | -4.6% |
In 9 weeks: Entering a rebound trend | -15% | 0.3% | -1.7% |
In 10 weeks: Entering a rebound trend | 39% | 3.3% | -0.3% |
◆ Average closing price in case of rising: | | 3.9% | |
=> HIGH ~ LOW range: | 6.3% | ~ | -3.1% |
◆ Average closing price in case of falling: | | -5.2% | |
=> HIGH ~ LOW range: | 3.0% | ~ | -7.1% |
The 10-week forecast and technical analysis of DVN stock are conducted based on the analysis of buy-sell strength by the pretiming method. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis. | |||
