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

DVN — oversold signal, 29 Jun

short term
RSI(2)8.6
RSI(14)38.0
Close $ · flag day41.99
Off 20-day high−11.1%
Avg volume15.4M

What followed

DateClose $ 5-day avg.vs flag close
29 Jun41.9942.59+0.0%
30 Jun41.3242.17-1.6%
01 Jul40.2541.67-4.1%
02 Jul40.4741.25-3.6%
06 Jul40.3640.88-3.9%
07 Jul42.4140.96+1.0%
08 Jul43.3141.36+3.1%
09 Jul42.0241.71+0.1%
10 Jul42.2342.07+0.6%
13 Jul43.7342.74+4.1%
14 Jul43.4042.94+3.4%

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 29 Jun. The freshest lists go out in the daily alert at 21:30 CET.