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

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- 6/12/2026 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Daily  MACD line has moved below its signal lineBearish Thrusting CandlestickPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Phillips 66 (PSX). During the week, the PSX dropped -3.63 points, or -1.98%, and closed at 179.45 on Friday, June 12, 2026. Weekly volume was -23% 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 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 11.20% retracement level.

Medium-term trend: [See PSX medium-term trend chart]
A medium-term uptrend had started on April 17, 2026 at 153.58 and reached 188.00 on June 8, 2026. PSX gained -34.42 points, or -22.41%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See PSX short-term trend chart]
A short-term downtrend had started on June 8, 2026 at 188.00 and reached 176.71 on June 12, 2026. PSX lost 11.29 points, or 6.01%, in 4 days. Price is near the Fibonacci 23.6% 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 below its signal line. Such crossover is considered a bearish signal.

Candlestick pattern: [See PSX candlestick chart pattern]
On Friday the chart has formed a Bearish Thrusting Candlestick pattern. This pattern occurs in a downtrend and it shows a rally failure in a down market. This is a weak continuation pattern. The reliability of the Bearish Thrusting pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Thrusting Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.90
Williams' Percentage Range (W%R) 57.80
Lane's Stochastic (%D-Slow) 39.46
Greed/Fear Indicator (GFI) 44.86
Moving Average Converg./Diverg. (MACD) 2.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.92
Williams' Percentage Range (W%R) 25.40
Lane's Stochastic (%D-Slow) 68.22
Greed/Fear Indicator (GFI) 64.90
Moving Average Converg./Diverg. (MACD) 9.78
Trading Signals
Description Value Chart
Upper Bollinger Band 185.32
Daily Stochastic Crossing 180.17
Price 179.45
20 Day Moving Average 179.35
Weekly Stochastic Crossing 178.39
Parabolic System 175.19
50 Day Moving Average 172.49
Lower Bollinger Band 172.00
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Oil & Gas Refining & Marketing 106
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 188.00
High Date 06/08/2026
Low 176.71
Low Date 06/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 188.00
High Date 06/08/2026
Low 176.71
Low Date 06/12/2026
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.