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Archive
- 11/22/2024 -
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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 a third positive week after 4 consecutive negative weeks for the Phillips 66 (PSX). During the week, the PSX gained 1.70 points, or 1.29%, and closed at 133.00 on Friday, November 22, 2024. Weekly volume was -25% below average.
 Long-term trend: [See PSX long-term trend chart]
A long-term downtrend had started on April 5, 2024 at 174.08 and reached 119.80 on November 1, 2024. PSX lost 54.28 points, or 31.18%, in 30 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See PSX medium-term trend chart]
A medium-term downtrend had started on October 4, 2024 at 140.60 and reached 119.80 on November 1, 2024. PSX lost 20.80 points, or 14.79%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (109.99) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PSX may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since April 26, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 November 1, 2024 at 119.80 and reached 133.20 on November 21, 2024. PSX gained -13.40 points, or -11.19%, in 20 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since November 7, 2024. This is an indication that the short-term trend is up.
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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 |
5 |
| Industry |
Oil & Gas Refining & Marketing |
28 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
119.80 |
| Low Date |
11/01/2024 |
| High |
133.20 |
| High Date |
11/21/2024 |
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| Weekly 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 |
119.80 |
| Low Date |
11/01/2024 |
| High |
133.20 |
| High Date |
11/21/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
109.80 |
| Support |
109.99 |
| High |
140.60 |
| High Date |
10/04/2024 |
| Low |
119.80 |
| Low Date |
11/01/2024 |
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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 |
119.80 |
| Low Date |
11/01/2024 |
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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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