PHILLIPS 66 (PSX) Stock Technical Analysis
NYSE:PSX • US7185461040
We assign a technical rating of 9 out of 10 to PSX. 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 74% of all other stocks.
- PSX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PSX is lagging the market slightly.
- PSX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- PSX has an average volume of 2535460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PSX is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 54% of 206 stocks in the same industry.
Besides having an excellent technical rating, PSX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 159.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 154.35, a Stop Loss order could be placed below this zone.
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125.49
When analyzing the support we can see 5 important areas.
- A support zone ranging from 152.76 to 154.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @135.14 from a trend line in the weekly time frame.
- Support @131.88 from a trend line in the daily time frame.
- Support @129.57 from a horizontal line in the daily time frame.
- A support zone ranging from 126.76 to 126.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 159.78 to 161.51. 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 | 74.19 | POSITIVE | PSX has a high relative strength, it outperformed 74.19% 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) | 57.31 | NEUTRAL | The RSI value for PSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests PSX has a negative trend. |
| Stochastics (14,3) | 54.89 | NEUTRAL | The Stochastics value for PSX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for PSX suggests some volalility. |
| Average Directional Index/ADX (14) | 42.75 | POSITIVE | The high ADX value value for PSX suggests a strong 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 |
|---|---|---|---|
| 157.09 | 152.75 | 4.34 (2.76%) | 25.00% |
| An entry @157.09. This is a Buy Stop order right above the 10 day moving average. | An exit @152.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.34 points, which is 2.76%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PSX. Please evaluate whether better entry and exit points can be found.
- 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.
154.36
-0.49 (-0.32%)
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 57.3123. 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 154.35 and a resistance level at 159.78. Check the full technical report for our detailed analysis of PSX support and resistance levels.