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Archive
- 6/6/2025 -
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Phillips 66 (PSX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Phillips 66 (PSX). During the week, the PSX climbed 0.81 points, or 0.71%, and closed at 114.29 on Friday, June 6, 2025. PSX was trading at average weekly trading volume.
PSX is a member of Energy Sector. Energy is the 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 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 price is now at the 28.02% retracement 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 126.69 on May 13, 2025. PSX gained -35.68 points, or -39.20%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 113.26 and resistance is at 119.23. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 May 16, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 13, 2025 at 126.69 and reached 109.75 on May 22, 2025. PSX lost 16.94 points, or 13.37%, in 9 days. The price is now at the 26.80% retracement level.
Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 22, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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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 |
1 |
| Industry |
Oil & Gas Refining & Marketing |
84 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
109.75 |
| Low Date |
05/22/2025 |
| High |
117.77 |
| High Date |
06/03/2025 |
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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 |
126.69 |
| High Date |
05/13/2025 |
| Low |
109.75 |
| Low Date |
05/22/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
119.23 |
| Support |
113.26 |
| Low |
91.01 |
| Low Date |
04/09/2025 |
| High |
126.69 |
| High Date |
05/13/2025 |
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| Quarterly 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 |
174.08 |
| High Date |
04/05/2024 |
| Low |
91.01 |
| Low Date |
04/09/2025 |
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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 |
174.08 |
| High Date |
04/05/2024 |
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