Devon Energy Corporation technical analysis
Technical analysis of Devon Energy Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Devon Energy Corporation
Devon Energy Corporation is an independent energy company founded in 1971 and headquartered in Houston, Texas, engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates across several major basins including the Delaware Basin (southeast New Mexico and west Texas), Eagle Ford (North America), Anadarko Basin (western Oklahoma), Williston Basin (North Dakota), and Powder River Basin (Wyoming).
Description generated automatically from public sources; it may be inaccurate or out of date.
Devon Energy Corporation: latest session data
Closing values for September 4, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
47.18 $
+1.87%
50 sessions
44.81 $
+7.24%
200 sessions
43.19 $
+11.27%
Session levels
s2
48.21
Support
s1
48.50
Support
pivot
48.98
Pivot
r1
49.27
Resistance
r2
49.75
Resistance
How to read it
In the September 4, 2026 session Devon Energy Corporation closed lower at 48.06 $, −1.50% versus the previous session.
The price sits above every moving average observed: +1.87% against the 21-session average, +7.24% against the 50 and +11.27% against the 200.
The 14-period RSI reads 57.3, in neutral territory.
MACD stands at 1.056 against a signal line at 1.056: the histogram is positive (+0.000).
ADX reads 15.3, indicating weak directionality.
Levels computed on the latest session place supports at 48.50 and 48.21 $ and resistances at 49.27 and 49.75 $, around a pivot of 48.98.
The average daily range (ATR) is 1.226 $, or 2.55% of price.
Turnover was 8.8M shares, 95% of the 20-session average.
Over the last twelve months the price ranged between 40.00 and 52.33 $, and today stands −8.16% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Devon Energy Corporation
How is Devon Energy Corporation analysed technically?
Technical analysis of Devon Energy Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Devon Energy Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Devon Energy Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Devon Energy Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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