Devon Energy (DVN) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for DVN · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$44.05last close · Aug 4, 202652-week range $31.47 – $52.71 · 16.43% below the high
Falling Wedge · playing out now

DVN is breaking down out of a falling wedge — these usually break higher, so a drop lower instead is a notably bearish turn.

On this chart, setups like it have followed through about 62% of the time.

As long as price stays below $47.25, it's in play — a daily close back above there calls it off.

The move's natural target sits near $37.35.

DVN Triangle Pattern

DVN is currently forming a triangle on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$36.48Projected move+9.7%Breakout level$33.41

New to this pattern? What a triangle is and how to trade it →

How Triangles Have Performed

Win rate
52.4%
Avg return
+0.36R
Backtested trades
13,619
DVN win rate
41.9%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

DVN Pattern Trade History

Every completed pattern trade our nightly backtest found on DVN's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJul 7, 2026 @ $41.00Jul 27, 2026 @ $43.16Win+2.14R
Falling WedgeJun 30, 2026 @ $41.37Jul 13, 2026 @ $43.73Loss-1.04R
TriangleAug 22, 2025 @ $34.11Dec 11, 2025 @ $37.54Win+1.39R
TriangleAug 14, 2025 @ $33.59Sep 3, 2025 @ $35.08Win+0.77R
TriangleAug 1, 2025 @ $32.81Aug 22, 2025 @ $35.16Loss-1.55R
Falling WedgeApr 4, 2025 @ $32.00Apr 7, 2025 @ $27.63Win+0.73R
TriangleNov 26, 2024 @ $37.86Dec 5, 2024 @ $35.94Win+1.08R
TriangleAug 26, 2024 @ $45.50Sep 3, 2024 @ $43.02Loss-1.27R
Falling WedgeDec 19, 2023 @ $45.72Jan 12, 2024 @ $42.77Loss-1.06R
Falling WedgeDec 14, 2023 @ $44.34Jan 12, 2024 @ $42.77Loss-1.13R
TriangleDec 6, 2023 @ $43.50Dec 26, 2023 @ $46.66Loss-1.27R
TriangleSep 20, 2023 @ $48.53Oct 4, 2023 @ $43.28Win+0.88R

DVN Support and Resistance Levels

Price was turned away at a ceiling near $50.27 about 3 months ago and has been sliding since. On the weekly chart, the next floor below sits near $25.89 — still about 41% away.

  • Traders commonly watch $25.89 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $50.27 ceiling about 3 months ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected resistance near $50.95. These are chart/swing-derived levels, not formula pivots.

Resistance
$50.95

DVN Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$43.66$44.16$43.20$44.05
Aug 3, 2026$44.10$44.68$43.77$44.57
Jul 31, 2026$44.61$45.15$43.98$45.13
Jul 30, 2026$43.63$44.32$43.33$44.17
Jul 29, 2026$44.03$44.60$43.67$44.46
Jul 28, 2026$43.22$43.67$42.41$42.66
Jul 27, 2026$43.84$44.41$43.05$43.16
Jul 24, 2026$45.22$45.74$44.86$45.04
Jul 23, 2026$45.86$46.21$45.13$45.29
Jul 22, 2026$44.71$45.25$44.66$44.88

DVN Frequently Asked Questions

What chart pattern is DVN forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a triangle on Devon Energy (DVN) on the daily chart, with a measured-move target of $36.48.
Is a triangle bullish or bearish?
The triangle detected on DVN is a bullish pattern, projecting a measured-move target of $36.48. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a triangle pattern, and what is its win rate?
Across TradingPal's backtest of the triangle family (13,619 trades over 631 symbols), it resolved in the expected direction 52.4% of the time with an average of +0.36R. These are historical statistics, not a prediction.
What are the support and resistance levels for DVN?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), DVN's nearest support is around n/a and nearest resistance around $50.95.
What is the price target if DVN's pattern breaks out?
The detected triangle has a geometry-based measured-move target of $36.48 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was DVN's closing price on Aug 4, 2026?
Devon Energy (DVN) last closed at $44.05 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.