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Archive
- 5/29/2026 -
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Phillips 66 (PSX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Phillips 66 (PSX). During the week, the PSX dropped -1.81 points, or -1.02%, and closed at 175.88 on Friday, May 29, 2026. Weekly volume was -12% 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 14.79% 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 184.72 on May 20, 2026. PSX gained -31.14 points, or -20.28%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (178.15) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 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 May 20, 2026 at 184.72 and reached 170.02 on May 27, 2026. PSX lost 14.70 points, or 7.96%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
11 |
| Industry |
Oil & Gas Refining & Marketing |
105 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
170.02 |
| Low Date |
05/27/2026 |
| High |
179.40 |
| High Date |
05/28/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
184.72 |
| High Date |
05/20/2026 |
| Low |
170.02 |
| Low Date |
05/27/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
186.52 |
| Support |
178.15 |
| Low |
153.58 |
| Low Date |
04/17/2026 |
| High |
184.72 |
| High Date |
05/20/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
91.01 |
| Low Date |
04/09/2025 |
| High |
190.61 |
| High Date |
03/30/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
40.04 |
| Low Date |
03/18/2020 |
| High |
190.61 |
| High Date |
03/30/2026 |
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