PHILLIPS 66 (PSX) Stock Technical Analysis
USA - NYSE:PSX - US7185461040 - Common Stock
We assign a technical rating of 8 out of 10 to PSX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PSX is only an average performer.
PSX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 139.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 135.12, a Stop Loss order could be placed below this zone.
More info and screens
117.18
We found 4 important support areas.
- A support zone ranging from 132.41 to 135.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 129.57 to 129.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @126.28 from a trend line in the daily time frame.
- A support zone ranging from 118.36 to 119.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 139.46 to 142.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PSX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSX is up. |
| ChartMill Relative Strength | 65.76 | NEUTRAL | PSX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for PSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests PSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.11 | NEUTRAL | The Stochastics value for PSX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for PSX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.43 | NEUTRAL | The ADX value for PSX suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 142.22 | 133.36 | 8.86 (6.23%) | 16.06% |
| An entry @142.22. This is a Buy Stop order right above the resistance zone. | An exit @133.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.86 points, which is 6.23%. | When investing 16.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
138.02
-2.83 (-2.01%)
PHILLIPS 66 / PSX FAQ
What is the ChartMill technical rating of PHILLIPS 66 (PSX) stock?
ChartMill assigns a technical rating of 8 / 10 to PSX.
Can you provide the trend direction for PHILLIPS 66?
The current trend direction for PHILLIPS 66 (PSX) is Bullish.
Can you provide the RSI signal for PHILLIPS 66?
PHILLIPS 66 (PSX) has an RSI value of 56.4358. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PHILLIPS 66?
The short term momentum for PHILLIPS 66 (PSX) is positive.
What is the buy/sell signal for PHILLIPS 66 (PSX) stock?
The buy/sell signal for PHILLIPS 66 (PSX) is buy as both the short term and long term trends are positive.