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

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- 7/31/2026 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtThe price has risen above the Parabolic SAR
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It was a first positive week for the Phillips 66 (PSX). During the week, the PSX gained 4.91 points, or 2.37%, and closed at 211.68 on Friday, July 31, 2026. Weekly volume was -15% below average.

Long-term trend: [See PSX long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 91.01 and reached 216.08 on July 22, 2026. PSX gained -125.07 points, or -137.42%, in 67 weeks. Price is near the trend high.

Medium-term trend: [See PSX medium-term trend chart]
A medium-term uptrend had started on April 17, 2026 at 153.58 and reached 216.08 on July 22, 2026. PSX gained -62.50 points, or -40.70%, in 13 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (163.95) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See PSX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 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 uptrend had started on June 18, 2026 at 164.10 and reached 216.08 on July 22, 2026. PSX gained -51.98 points, or -31.68%, in 34 days. The price is now at the 8.46% retracement level.

Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is above its signal line since July 1, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.21
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 56.30
Greed/Fear Indicator (GFI) 72.39
Moving Average Converg./Diverg. (MACD) 7.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.49
Williams' Percentage Range (W%R) 4.10
Strong Overbought
Lane's Stochastic (%D-Slow) 78.48
Greed/Fear Indicator (GFI) 77.74
Moving Average Converg./Diverg. (MACD) 10.13
Trading Signals
Description Value Chart
Upper Bollinger Band 221.57
Price 211.68
Weekly Stochastic Crossing 209.52
Daily Stochastic Crossing 209.18
Parabolic System 201.82
20 Day Moving Average 200.76
Monthly Trendline Resistance 198.64
50 Day Moving Average 185.74
Lower Bollinger Band 179.15
Sector and Industry
Description Name Rank
Sector Energy 3
Industry Oil & Gas Refining & Marketing 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 216.08
High Date 07/22/2026
Low 200.80
Low Date 07/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.10
Low Date 06/18/2026
High 216.08
High Date 07/22/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 198.64
Support 163.95
Low 153.58
Low Date 04/17/2026
High 216.08
High Date 07/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.01
Low Date 04/09/2025
High 216.08
High Date 07/22/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.04
Low Date 03/18/2020
High 216.08
High Date 07/22/2026
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.