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

DVN — oversold signal, 30 Jun

short term
RSI(2)2.7
RSI(14)35.6
Close $ · flag day41.32
Off 20-day high−12.6%
Avg volume15.4M

What followed

DateClose $ 5-day avg.vs flag close
30 Jun41.3242.17+0.0%
01 Jul40.2541.67-2.6%
02 Jul40.4741.25-2.1%
06 Jul40.3640.88-2.3%
07 Jul42.4140.96+2.6%
08 Jul43.3141.36+4.8%
09 Jul42.0241.71+1.7%
10 Jul42.2342.07+2.2%
13 Jul43.7342.74+5.8%
14 Jul43.4042.94+5.0%
15 Jul42.9342.86+3.9%

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