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- 3/27/2026 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 187.41
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought
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It was a fourth consecutive positive week for the Phillips 66 (PSX). During the week, the PSX gained 12.81 points, or 7.30%, and closed at 188.28 on Friday, March 27, 2026. Weekly volume was 18% above average.

PSX is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PSX long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 91.01 and reached 188.53 on March 27, 2026. PSX gained -97.52 points, or -107.15%, in 50 weeks. Price is near the trend high.

Medium-term trend: [See PSX medium-term trend chart]
A medium-term uptrend had started on December 29, 2025 at 127.16 and reached 188.53 on March 27, 2026. PSX gained -61.37 points, or -48.26%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (187.41). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See PSX weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 23, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See PSX short-term trend chart]
A short-term uptrend had started on February 26, 2026 at 149.14 and reached 188.53 on March 27, 2026. PSX gained -39.39 points, or -26.41%, in 29 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 186.53 and resistance is at 198.53. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since March 3, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.15
Overbought
Williams' Percentage Range (W%R) 16.10
Overbought
Lane's Stochastic (%D-Slow) 85.41
Overbought
Greed/Fear Indicator (GFI) 83.16
Overbought
Moving Average Converg./Diverg. (MACD) 6.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.98
Overbought
Williams' Percentage Range (W%R) 8.60
Strong Overbought
Lane's Stochastic (%D-Slow) 87.52
Overbought
Greed/Fear Indicator (GFI) 83.02
Overbought
Moving Average Converg./Diverg. (MACD) 7.24
Trading Signals
Description Value Chart
Weekly Trendline Resistance 198.53
Upper Bollinger Band 189.04
Price 188.28
Monthly Trendline Resistance 187.41
Weekly Trendline Support 186.53
Daily Stochastic Crossing 185.94
Weekly Stochastic Crossing 184.35
Parabolic System 179.59
20 Day Moving Average 172.31
Monthly Trendline Support 160.92
50 Day Moving Average 158.85
Lower Bollinger Band 156.66
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Refining & Marketing 120
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 171.00
Low Date 03/16/2026
High 188.53
High Date 03/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 198.53
Support 186.53
Low 149.14
Low Date 02/26/2026
High 188.53
High Date 03/27/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 187.41
Support 160.92
Low 127.16
Low Date 12/29/2025
High 188.53
High Date 03/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.01
Low Date 04/09/2025
High 188.53
High Date 03/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.04
Low Date 03/18/2020
High 188.53
High Date 03/27/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.