The Greedy Trader Weekly Analysis
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- 1/16/2026 -
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Phillips 66 (PSX) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Broken trend support line
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It was the negative week for the Phillips 66 (PSX). During the week, the PSX dropped -3.88 points, or -2.73%, and closed at 138.28 on Friday, January 16, 2026. Weekly volume was -19% 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 price is now at the 56.90% retracement level.

Medium-term trend: [See PSX medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 91.01 and reached 145.68 on January 9, 2026. PSX gained -54.67 points, or -60.07%, in 39 weeks. The price is now at the 13.54% retracement level.

Weekly Technical Indicators: [See PSX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 12, 2025. The distance between MACD and the signal line is low and getting smaller. 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 December 29, 2025 at 127.16 and reached 145.68 on January 9, 2026. PSX gained -18.52 points, or -14.56%, in 11 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (140.69) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See PSX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since January 2, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.04
Williams' Percentage Range (W%R) 36.10
Lane's Stochastic (%D-Slow) 52.49
Greed/Fear Indicator (GFI) 60.16
Moving Average Converg./Diverg. (MACD) 0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.02
Williams' Percentage Range (W%R) 35.30
Lane's Stochastic (%D-Slow) 44.04
Greed/Fear Indicator (GFI) 54.26
Moving Average Converg./Diverg. (MACD) 3.25
Trading Signals
Description Value Chart
Upper Bollinger Band 148.10
Weekly Trendline Resistance 141.66
Weekly Trendline Support 140.69
Daily Stochastic Crossing 140.62
Price 138.28
Parabolic System 136.61
50 Day Moving Average 136.44
Weekly Stochastic Crossing 134.50
20 Day Moving Average 134.36
Lower Bollinger Band 125.71
Sector and Industry
Description Name Rank
Sector Energy 9
Industry Oil & Gas Refining & Marketing 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 145.68
High Date 01/09/2026
Low 137.57
Low Date 01/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 141.66
Support 140.69
Low 127.16
Low Date 12/29/2025
High 145.68
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.01
Low Date 04/09/2025
High 145.68
High Date 01/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.