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

DVN — oversold signal, 27 May

short term
RSI(2)2.3
RSI(14)36.4
Close $ · flag day44.27
Off 20-day high−14.8%
Avg volume15.5M

What followed

DateClose $ 5-day avg.vs flag close
27 May44.2746.44+0.0%
28 May44.1145.57-0.4%
29 May44.4945.05+0.5%
01 Jun46.3144.86+4.6%
02 Jun46.2245.08+4.4%
03 Jun46.1845.46+4.3%
04 Jun45.9945.84+3.9%
05 Jun44.2845.80+0.0%
08 Jun45.0845.55+1.8%
09 Jun44.0745.12-0.5%
10 Jun46.6045.20+5.3%

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