Permian Resources Corporation technical analysis
Technical analysis of Permian Resources Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Permian Resources Corporation
Permian Resources Corporation is an independent oil and natural gas company that operates in the United States, focusing on the development of crude oil and associated liquids-rich natural gas reserves in the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico. The company changed its name from Centennial Resource Development, Inc. to Permian Resources Corporation in September 2022.
Description generated automatically from public sources; it may be inaccurate or out of date.
Permian Resources Corporation: latest session data
Closing values for September 3, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
22.50 $
+5.26%
50 sessions
20.93 $
+13.18%
200 sessions
18.38 $
+28.83%
Session levels
s2
23.33
Support
s1
23.57
Support
pivot
23.81
Pivot
r1
24.05
Resistance
r2
24.29
Resistance
How to read it
In the September 3, 2026 session Permian Resources Corporation closed lower at 23.68 $, −0.57% versus the previous session.
The price sits above every moving average observed: +5.26% against the 21-session average, +13.18% against the 50 and +28.83% against the 200.
The 14-period RSI reads 63.6, in neutral territory.
MACD stands at 0.791 against a signal line at 0.776: the histogram is positive (+0.015).
ADX reads 28.6, indicating a marked directionality.
Levels computed on the latest session place supports at 23.57 and 23.33 $ and resistances at 24.05 and 24.29 $, around a pivot of 23.81.
The average daily range (ATR) is 0.646 $, or 2.73% of price.
Turnover was 4.2M shares, 45% of the 20-session average.
Over the last twelve months the price ranged between 17.90 and 24.09 $, and today stands −1.68% 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 Permian Resources Corporation
How is Permian Resources Corporation analysed technically?
Technical analysis of Permian Resources 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 Permian Resources 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 Permian Resources Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Permian Resources Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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