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- 6/5/2026 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Phillips 66 (PSX). During the week, the PSX gained 7.20 points, or 4.09%, and closed at 183.08 on Friday, June 5, 2026. Weekly volume was -37% 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 7.56% 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 187.52 on June 3, 2026. PSX gained -33.94 points, or -22.10%, in 6 weeks. The price is now at the 13.08% retracement level.

Weekly Technical Indicators: [See PSX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 January 23, 2026. 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 uptrend had started on May 27, 2026 at 170.02 and reached 187.52 on June 3, 2026. PSX gained -17.50 points, or -10.29%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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) 59.55
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 78.79
Greed/Fear Indicator (GFI) 73.18
Moving Average Converg./Diverg. (MACD) 2.57 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.63
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 64.39
Greed/Fear Indicator (GFI) 68.41
Moving Average Converg./Diverg. (MACD) 9.67
Trading Signals
Description Value Chart
Upper Bollinger Band 186.02
Daily Stochastic Crossing 184.21
Price 183.08
20 Day Moving Average 177.55
Weekly Stochastic Crossing 175.93
50 Day Moving Average 172.75
Parabolic System 170.55
Lower Bollinger Band 169.45
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Refining & Marketing 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 170.02
Low Date 05/27/2026
High 187.52
High Date 06/03/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 170.02
Low Date 05/27/2026
High 187.52
High Date 06/03/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 153.58
Low Date 04/17/2026
High 187.52
High Date 06/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.01
Low Date 04/09/2025
High 190.61
High Date 03/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.04
Low Date 03/18/2020
High 190.61
High Date 03/30/2026
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.