PHILLIPS 66 (PSX) Technical Analysis
NYSE:PSX • US7185461040
Current stock price
PSX Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to PSX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month PSX has a been trading in the 153.58 - 190.61 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, PSX did better than 83% of all other stocks. On top of that, PSX also shows a nice and consistent pattern of rising prices.
- PSX has an average volume of 3300280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- PSX is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 65% of 209 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.
PSX Weekly and Daily overview Charts
PSX Setup Rating and Analysis
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
PSX Support and Resistance Analysis
125.49
5 important support areas can be observed.
- A support zone ranging from 156.36 to 156.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @140.88 from a trend line in the weekly time frame.
- A support zone ranging from 134.65 to 135.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @130.21 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 161.27 to 166.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
PSX Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for PSX is down. |
| ChartMill Relative Strength | 83.66 | POSITIVE | PSX has a high relative strength, it outperformed 83.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PSX is below 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) | 36.46 | NEUTRAL | The RSI value for PSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.63 | NEGATIVE | The MACD value suggests PSX has a negative trend. |
| Stochastics (14,3) | 13.98 | OVERSOLD | The low Stochastics value suggests PSX may be oversold. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for PSX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.54 | POSITIVE | The high ADX value value for PSX suggests a strong trend. |
PSX Chart- and CandleStick Pattern Analysis
PSX Technicals: Chart, Performance Metrics, Trend & Indicators
156.37
-6.96 (-4.26%)
PHILLIPS 66 / PSX TA FAQ
What is the ChartMill technical rating of PHILLIPS 66 (PSX) stock?
ChartMill assigns a technical rating of 7 / 10 to PSX.
What is the current trend direction of PHILLIPS 66 (PSX) stock?
The current trend direction for PHILLIPS 66 (PSX) is Bullish.
What is the RSI signal for PSX stock?
PHILLIPS 66 (PSX) has an RSI value of 36.4645. This indicates that the stock is currently neutral.
What is the MACD signal for PSX stock?
The MACD indicator for PHILLIPS 66 (PSX) has a value of -2.63467, indicating a bearish trend.
What is the buy/sell signal for PSX stock?
The buy/sell signal for PHILLIPS 66 (PSX) is hold as the short term and long term trends are mixed.