PHILLIPS 66 (PSX) Stock Technical Analysis
NYSE:PSX - New York Stock Exchange, Inc. - US7185461040 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PSX. PSX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
PSX has an average volume of 3444330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, PSX turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
PSX is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 68% of 210 stocks in the same industry.
PSX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSX is lagging the market.
In the last month PSX has a been trading in the 118.00 - 134.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PSX has an excellent technical rating, the quality of the presented setup is not ideal 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
118.06
137.79
2 important support areas can be observed.
- A support zone ranging from 124.81 to 125.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 119.25 to 119.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 131.55 to 131.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 134.40 to 136.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 63.54 | 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) | DOWN | MIXED | The current price of PSX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.8 | NEUTRAL | The RSI value for PSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests PSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.01 | NEUTRAL | The Stochastics value for PSX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for PSX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.38 | POSITIVE | The high ADX value value for PSX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 131.73 | 124.80 | 6.93 (5.26%) | 19.01% |
| An entry @131.73. This is a Buy Stop order right above the resistance zone. | An exit @124.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.93 points, which is 5.26%. | When investing 19.01% 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.
128.27
-0.74 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.57%
1 Week-1.33%
2 Weeks7.52%
1 Month5.01%
3 Month29.43%
6 Month6.42%
12 Month-7.37%
2 Year14.99%
3 Year44.12%
5 Year106.82%
10 Year61.35%
15 YearN/A
Volatility
ATR(14)3.14
ATR(20)%2.43%
ATR Inc-22.82%
Range Today1.92
ADR(20)3.05
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.54
Mansfield-0.35
10 Day High134.66
10 Day Low118.87
20 Day High134.66
20 Day Low118
52 Week High150.12
52 Week Low91.01
CS1 End125.19
CR1 Start131.55
Volume & EV
DER(3)-2.43%
DER(5)-1.15%
Volume2.00M
Volume Incr-39.48%
Vol(5)2.30M
Vol(50)3.44M