The Greedy Trader Weekly Analysis
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- 8/22/2025 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Trend resistance at 132.08
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second positive week after 4 consecutive negative weeks for the Phillips 66 (PSX). During the week, the PSX gained 6.33 points, or 5.12%, and closed at 129.94 on Friday, August 22, 2025. Weekly volume was -34% below average.

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. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (132.08). 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 long-term trend.

Medium-term trend: [See PSX medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 91.01 and reached 134.66 on July 10, 2025. PSX gained -43.65 points, or -47.96%, in 13 weeks. The price is now at the 10.81% retracement 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 May 16, 2025. This is an indication that the medium-term trend is up. 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 August 11, 2025 at 118.07 and reached 130.65 on August 22, 2025. PSX gained -12.58 points, or -10.65%, in 11 days. The price is now at the 5.64% retracement level.

Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 Lane's Stochastic help.

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.60
Williams' Percentage Range (W%R) 44.90
Lane's Stochastic (%D-Slow) 80.03
Overbought
Greed/Fear Indicator (GFI) 69.24
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.21
Williams' Percentage Range (W%R) 22.10
Lane's Stochastic (%D-Slow) 46.04
Greed/Fear Indicator (GFI) 60.90
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 132.08
Price 129.94
Upper Bollinger Band 129.64
Daily Stochastic Crossing 128.70
Weekly Stochastic Crossing 124.89
50 Day Moving Average 124.15
20 Day Moving Average 122.79
Parabolic System 121.37
Lower Bollinger Band 117.37
Sector and Industry
Description Name Rank
Sector Energy 4
Industry Oil & Gas Refining & Marketing 52
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 118.07
Low Date 08/11/2025
High 130.65
High Date 08/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 134.66
High Date 07/10/2025
Low 118.07
Low Date 08/11/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.01
Low Date 04/09/2025
High 134.66
High Date 07/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 132.08
Support 70.36
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.