Closing Note
updated 2026-07-24 14:52 UTC

DVN — oversold signal, 15 Apr

short term
RSI(2)0.8
RSI(14)38.3
Close $ · flag day45.23
Off 20-day high−14.2%
Avg volume17.1M

What followed

DateClose $ 5-day avg.vs flag close
15 Apr45.2346.68+0.0%
16 Apr45.7846.26+1.2%
17 Apr44.2345.55-2.2%
20 Apr44.9445.09-0.6%
21 Apr45.6045.16+0.8%
22 Apr47.1245.53+4.2%
23 Apr48.1546.01+6.5%
24 Apr47.9446.75+6.0%
27 Apr48.2047.40+6.6%
28 Apr49.4848.18+9.4%
29 Apr51.0848.97+12.9%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 15 Apr. The freshest lists go out in the daily alert at 21:30 CET.