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

DVN — oversold signal, 26 May

short term
RSI(2)3.8
RSI(14)39.0
Close $ · flag day45.14
Off 20-day high−13.1%
Avg volume15.6M

What followed

DateClose $ 5-day avg.vs flag close
26 May45.1447.52+0.0%
27 May44.2746.44-1.9%
28 May44.1145.57-2.3%
29 May44.4945.05-1.4%
01 Jun46.3144.86+2.6%
02 Jun46.2245.08+2.4%
03 Jun46.1845.46+2.3%
04 Jun45.9945.84+1.9%
05 Jun44.2845.80-1.9%
08 Jun45.0845.55-0.1%
09 Jun44.0745.12-2.4%

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 26 May. The freshest lists go out in the daily alert at 21:30 CET.