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PHILLIPS 66
PHILLIPS 66
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: PSX
ISIN:

PHILLIPS 66 - Daily - Technical analysis published on 11/23/2023 (GMT)

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  • 11/23/2023 - 20:03
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  • Timeframe : Daily
  • - Analysis generated on 11/23/2023 - 20:03
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 108.85 USD
My targets
123.15 USD (+4.36%)
My analysis
The bullish trend is currently very strong on PHILLIPS 66. As long as the price remains above the support at 108.85 USD, you could try to benefit from the boom. The first bullish objective is located at 123.15 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The PHILLIPS 66 price is 118.01 USD. The price has increased by +0.51% since the last closing and was traded between 114.94 USD and 118.21 USD over the period. The price is currently at +2.67% from its lowest and -0.17% from its highest.

114.94
118.21
118.01

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.00255075100January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this PHILLIPS 66 chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Near resistance of triangle

Type : Bearish

Timeframe : Daily


Near horizontal support

Type : Bullish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 101.85 108.85 117.05 118.01 123.15
Change (%) -13.69% -7.76% -0.81% - +4.36%
Change -16.16 -9.16 -0.96 - +5.14
Level Major Major Major - Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard112.63113.78115.90117.05119.17120.32122.44
Camarilla117.11117.41117.71118.01118.31118.61118.91
Woodie113.11114.02116.38117.29119.65120.56122.92
Fibonacci113.78115.03115.80117.05118.30119.07120.32


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard107.57109.74113.05115.22118.53120.70124.01
Camarilla114.86115.37115.87116.37116.87117.38117.88
Woodie108.15110.03113.63115.51119.11120.99124.59
Fibonacci109.74111.83113.12115.22117.31118.60120.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard94.52100.70106.86113.04119.20125.38131.54
Camarilla109.64110.77111.90113.03114.16115.29116.42
Woodie94.52100.70106.86113.04119.20125.38131.54
Fibonacci100.70105.41108.32113.04117.75120.66125.38

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Created with Raphaël 2.3.0Buy14
Moving averages
Created with Raphaël 2.3.0Buy23

RSI (14): 60.65
MACD (12,26,9): 1.0200
Directional Movement: 4.94
AROON (14): 50.00
DEMA (21): 115.54
Parabolic SAR (0,02-0,02-0,2): 111.93
Elder Ray (13): 1.41
Super Trend (3,10): 109.83
Zig ZAG (10): 118.01
VORTEX (21): 1.0400
Stochastique (14,3,5): 87.63
TEMA (21): 116.66
Williams %R (14): -10.61
Chande Momentum Oscillator (20): 2.22
Repulse (5,40,3): 4.1700
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 4.56
MA7: 115.98
MA20: 113.88
MA50: 114.45
MA100: 111.68
MAexp7: 116.26
MAexp20: 114.55
MAexp50: 113.52
MAexp100: 110.93
Price / MA7: +1.75%
Price / MA20: +3.63%
Price / MA50: +3.11%
Price / MA100: +5.67%
Price / MAexp7: +1.51%
Price / MAexp20: +3.02%
Price / MAexp50: +3.96%
Price / MAexp100: +6.38%

Quotes : 11/22/2023 - 20:59 - 15 min delayed data - NYSE Stocks

News


Don't forget to follow the news on PHILLIPS 66. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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