The Greedy Trader Weekly Analysis
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- 7/2/2026 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Phillips 66 (PSX). During the week, the PSX gained 4.77 points, or 2.78%, and closed at 176.42 on Thursday, July 2, 2026. PSX was trading at average weekly trading volume.

PSX is a member of Energy Sector. Energy is the second most oversold 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 190.61 on March 30, 2026. PSX gained -99.60 points, or -109.44%, in 50 weeks. The price is now at the 14.25% retracement level.

Medium-term trend: [See PSX medium-term trend chart]
A medium-term downtrend had started on June 8, 2026 at 188.00 and reached 164.10 on June 18, 2026. PSX lost 23.90 points, or 12.71%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (170.18) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See PSX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 12, 2026. This is an indication that the medium-term trend is down. 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 June 18, 2026 at 164.10 and reached 179.16 on July 2, 2026. PSX gained -15.06 points, or -9.18%, in 14 days. The price is now at the 18.19% retracement level.

Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.82
Williams' Percentage Range (W%R) 50.20
Lane's Stochastic (%D-Slow) 67.13
Greed/Fear Indicator (GFI) 54.91
Moving Average Converg./Diverg. (MACD) -1.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.99
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 60.31
Greed/Fear Indicator (GFI) 58.52
Moving Average Converg./Diverg. (MACD) 9.33
Trading Signals
Description Value Chart
Upper Bollinger Band 184.84
Weekly Stochastic Crossing 177.76
Price 176.42
Weekly Trendline Resistance 175.85
20 Day Moving Average 174.62
Daily Stochastic Crossing 174.47
50 Day Moving Average 174.32
Weekly Trendline Support 170.18
Parabolic System 165.08
Lower Bollinger Band 162.48
Sector and Industry
Description Name Rank
Sector Energy 2
Industry Oil & Gas Refining & Marketing 97
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 164.10
Low Date 06/18/2026
High 179.16
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 175.85
Support 170.18
High 188.00
High Date 06/08/2026
Low 164.10
Low Date 06/18/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 153.58
Low Date 04/17/2026
High 188.00
High Date 06/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.01
Low Date 04/09/2025
High 190.61
High Date 03/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.04
Low Date 03/18/2020
High 190.61
High Date 03/30/2026
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.