The Greedy Trader Weekly Analysis
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- 8/29/2025 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtTrend resistance at 131.92
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a third positive week after 4 consecutive negative weeks for the Phillips 66 (PSX). During the week, the PSX gained 3.64 points, or 2.80%, and closed at 133.58 on Friday, August 29, 2025. Weekly volume was -32% 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 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 (131.92). 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. Price is near the trend high.

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 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 134.34 on August 29, 2025. PSX gained -16.27 points, or -13.78%, in 18 days. Price is near the trend high.

Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since August 15, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.17
Strong Overbought
Williams' Percentage Range (W%R) 9.30
Strong Overbought
Lane's Stochastic (%D-Slow) 92.46
Strong Overbought
Greed/Fear Indicator (GFI) 91.10
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.04
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 49.53
Greed/Fear Indicator (GFI) 68.88
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
Upper Bollinger Band 136.37
Price 133.58
Daily Stochastic Crossing 133.57
Quarterly Trendline Resistance 131.92
Parabolic System 127.71
Weekly Stochastic Crossing 125.93
50 Day Moving Average 124.98
20 Day Moving Average 124.53
Lower Bollinger Band 117.01
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Oil & Gas Refining & Marketing 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 118.07
Low Date 08/11/2025
High 134.34
High Date 08/29/2025
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 131.92
Support 69.22
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.