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Oil & Gas Refining & Marketing Industry Stocks Technical Analysis - PSX

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- 1/23/2026 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtPrice is near the Fibonacci 61.8% retracement level
Daily :Williams' Percentage Range is overboughtMACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a first positive week for the Phillips 66 (PSX). During the week, the PSX gained 3.26 points, or 2.36%, and closed at 141.54 on Friday, January 23, 2026. Weekly volume was -21% below 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 downtrend had started on April 5, 2024 at 174.08 and reached 91.01 on April 9, 2025. PSX lost 83.07 points, or 47.72%, in 52 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See PSX medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 91.01 and reached 146.88 on January 23, 2026. PSX gained -55.87 points, or -61.39%, in 41 weeks. The price is now at the 9.56% retracement level.

Weekly Technical Indicators: [See PSX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 12, 2025. The distance between MACD and the signal line is low and getting smaller. 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 December 29, 2025 at 127.16 and reached 146.88 on January 23, 2026. PSX gained -19.72 points, or -15.51%, in 25 days. The price is now at the 27.08% retracement level.

Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since January 2, 2026. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average 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) 64.56
Williams' Percentage Range (W%R) 16.10
Overbought
Lane's Stochastic (%D-Slow) 43.26
Greed/Fear Indicator (GFI) 63.92
Moving Average Converg./Diverg. (MACD) 1.24 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.50
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 44.51
Greed/Fear Indicator (GFI) 60.47
Moving Average Converg./Diverg. (MACD) 3.24
Trading Signals
Description Value Chart
Upper Bollinger Band 148.97
Daily Stochastic Crossing 141.56
Price 141.54
Parabolic System 139.39
Weekly Stochastic Crossing 137.39
20 Day Moving Average 136.73
50 Day Moving Average 136.70
Lower Bollinger Band 127.44
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Refining & Marketing 44
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 136.79
Low Date 01/20/2026
High 146.88
High Date 01/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.16
Low Date 12/29/2025
High 146.88
High Date 01/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.01
Low Date 04/09/2025
High 146.88
High Date 01/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 174.08
High Date 04/05/2024
Low 91.01
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.04
Low Date 03/18/2020
High 174.08
High Date 04/05/2024
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.