PHILLIPS 66 PARTNERS LP (PSXP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PSXP -
Overall PSXP gets a technical rating of 7 out of 10. In the last year, PSXP was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, PSXP also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 42.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PSXP in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
34.47
We found 3 important support areas.
- A support zone ranging from 41.09 to 42.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.76 from a trend line in the weekly time frame.
- A support zone ranging from 34.82 to 34.97. 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 46.15 to 46.72. 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 PSXP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSXP is neutral. |
| ChartMill Relative Strength | 93.26 | POSITIVE | PSXP has a high relative strength, it outperformed 93.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSXP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSXP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSXP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.73 | NEUTRAL | The RSI value for PSXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests PSXP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.34 | NEUTRAL | The Stochastics value for PSXP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for PSXP suggests some volalility. |
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 |
|---|---|---|---|
| 44.12 | 41.08 | 3.04 (6.89%) | 14.51% |
| An entry @44.12. This is a Buy Stop order right above the 10 day high. | An exit @41.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.04 points, which is 6.89%. | When investing 14.51% 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.
42.01
+0.78 (+1.89%)
PHILLIPS 66 PARTNERS LP / PSXP FAQ
What is the technical rating for PSXP stock?
ChartMill assigns a technical rating of 6 / 10 to PSXP.
Can you provide the trend direction for PHILLIPS 66 PARTNERS LP?
The current trend direction for PHILLIPS 66 PARTNERS LP (PSXP) is Bullish.
What is the RSI signal for PHILLIPS 66 PARTNERS LP (PSXP) stock?
PHILLIPS 66 PARTNERS LP (PSXP) has an RSI value of 48.7301. This indicates that the stock is currently neutral.
What is the short term momentum for PHILLIPS 66 PARTNERS LP (PSXP) stock?
The short term momentum for PHILLIPS 66 PARTNERS LP (PSXP) is neutral.
What are the support and resistance levels for PHILLIPS 66 PARTNERS LP (PSXP) stock?
PHILLIPS 66 PARTNERS LP (PSXP) has a support level at 42 and a resistance level at 46.15. Check the full technical report for our detailed analysis of PSXP support and resistance levels.