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| Price | ▼ 1.65% | ▼ 1.02% | ▲ 6.94% | ▼ 0.96% |
| Energy | ▼ 4.2 | ▼ 2.9 | ▲ 65.3 | ▼ 6.7 |
Trend of Bull Bias DVN Stock Weekly
▸When DVN Stock is in Bull Bias:
- then DVN Stock moved to higher Market State: 12 times — 30.8%
- then DVN Stock moved to lower Market State: 27 times — 69.2%
▸Current DVN Stock market energy: 48.4%
- Distance to upper bound of Bull Bias (at 60%): 11.6%
- Distance to lower bound of Bull Bias (at 20.88%): 27.52%
"Does history really repeat itself?" — 2AITRADING
From the just-closed Weekly candle data, DVN Stock reflects the Bull Bias energy zone.
Meanwhile, Market Energy dropped -6.7% from the previous candle, from 55.1% to 48.4%.
Time in Bull Bias energy zone: 2 Weekly Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did DVN Stock price and energy show when this Weekly candle closed?
When the Weekly candle at 09:00 on 15-08-2022 closed, DVN Stock was at 17.55, down 0.96% from the previous candle (17.72). Market Energy was 48.4%, down 6.7 points from 55.1%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did DVN price move on this Weekly candle, and how large is that historically?
DVN closed at 17.55, down 0.96% from the previous Weekly candle (17.72). This drop is larger than 15% of past drops on the Weekly timeframe for DVN, across 188 candles since 2019.
How did DVN Stock Market Energy change from the previous candle?
Market Energy fell 6.7 percentage points from the previous candle — from 55.1% to 48.4%. This drop is larger than 33% of past drops on the Weekly timeframe for DVN.
Do DVN price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was DVN Stock in on the previous Weekly candle?
The previous Weekly candle had DVN Stock at 55.1%, Bull Bias — this candle kept the same state, no zone change.
Where does DVN Stock energy sit within the Bull Bias zone?
At 48.4%, DVN Stock is 11.6 points from the upper boundary of Bull Bias (60%) and 27.52 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: VNINDEX (Vietnam equities) in Bull Extreme with energy 81.4%; VN30 (VN30 basket) in Bull Extreme with energy 78.6%. Against this backdrop, DVN Stock (Bull Bias, 48.4%) lower than VNINDEX, VN30.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 74.8%. DVN Stock (Bull Bias) and DXY currently sit on the same Bull side.
See the real-time energy chart for DVN Stock.
Open Energy ChartSee the full 2AiTrading Model data for DVN on the DVN Stock overview →
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