PHILLIPS 66 (PSX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PSX • US7185461040
Overall PSX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PSX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, PSX did better than 75% of all other stocks.
- PSX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PSX has a been trading in the 135.51 - 148.10 range, which is quite wide. It is currently trading near the high of this range.
- PSX has an average volume of 2386070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PSX is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, PSX did better than 66% of them.
Although PSX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
125.49
When analyzing the support we notice one important area.
- A support zone ranging from 126.76 to 132.68. 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 | 75.33 | POSITIVE | PSX has a high relative strength, it outperformed 75.33% off all stocks 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) | 65.77 | NEUTRAL | The RSI value for PSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests PSX has a positive trend. |
| Stochastics (14,3) | 69.77 | NEUTRAL | The Stochastics value for PSX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for PSX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.97 | POSITIVE | The high ADX value value for PSX suggests a strong trend. |
148.09
+5.85 (+4.11%)
PHILLIPS 66 / PSX FAQ
What is the ChartMill technical rating of PHILLIPS 66 (PSX) stock?
ChartMill assigns a technical rating of 9 / 10 to PSX.
What is the current trend direction of PHILLIPS 66 (PSX) stock?
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 65.7701. This indicates that the stock is currently neutral.
What is the short term momentum for PHILLIPS 66 (PSX) stock?
The short term momentum for PHILLIPS 66 (PSX) is positive.
What is the support and resistance level for PSX stock?
PHILLIPS 66 (PSX) has a support level at 132.68. Check the full technical report for our detailed analysis of PSX support and resistance levels.