DVN — oversold signal, 21 May
RSI(2)8.6
RSI(14)46.0
Close $ · flag day47.11
Off 20-day high−9.3%
Avg volume15.5M
What followed
| Date | Close $ | 5-day avg. | vs flag close |
|---|---|---|---|
| 21 May | 47.11 | 48.89 | +0.0% |
| 22 May | 47.22 | 48.43 | +0.2% |
| 26 May | 45.14 | 47.52 | -4.2% |
| 27 May | 44.27 | 46.44 | -6.0% |
| 28 May | 44.11 | 45.57 | -6.4% |
| 29 May | 44.49 | 45.05 | -5.6% |
| 01 Jun | 46.31 | 44.86 | -1.7% |
| 02 Jun | 46.22 | 45.08 | -1.9% |
| 03 Jun | 46.18 | 45.46 | -2.0% |
| 04 Jun | 45.99 | 45.84 | -2.4% |
| 05 Jun | 44.28 | 45.80 | -6.0% |
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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