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Oil & Gas Refining & Marketing Industry Stocks Technical Analysis - PSXArchive
- 10/30/2026 -
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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 gave back -0.35 points, or -0.12%, and closed at 282.83 on Friday, October 30, 2026. Weekly volume was 11% above 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 March 18, 2020 at 40.04 and reached 299.39 on October 19, 2026. PSX gained -259.35 points, or -647.73%, in 343 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (107.59) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.
 Medium-term trend: [See PSX medium-term trend chart]
A medium-term uptrend had started on June 18, 2026 at 164.10 and reached 299.39 on October 19, 2026. PSX gained -135.29 points, or -82.44%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 278.22 and resistance is at 310.55. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 10, 2026. 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 downtrend had started on October 19, 2026 at 299.39 and reached 267.05 on October 28, 2026. PSX lost 32.34 points, or 10.80%, in 9 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 21, 2026. This is an indication that the short-term trend is down.
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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 |
12 |
| Industry |
Oil & Gas Refining & Marketing |
115 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| High |
299.39 |
| High Date |
10/19/2026 |
| Low |
267.05 |
| Low Date |
10/28/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
310.55 |
| Support |
278.22 |
| Low |
164.10 |
| Low Date |
06/18/2026 |
| High |
299.39 |
| High Date |
10/19/2026 |
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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 |
153.58 |
| Low Date |
04/17/2026 |
| High |
299.39 |
| High Date |
10/19/2026 |
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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 |
299.39 |
| High Date |
10/19/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
239.12 |
| Support |
107.59 |
| Low |
40.04 |
| Low Date |
03/18/2020 |
| High |
299.39 |
| High Date |
10/19/2026 |
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