PHILLIPS 66 - Daily - Technical analysis published on 03/02/2020 (GMT)
- 362
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 78.53 USD
My targets
68.21 USD (-8.10%)
66.71 USD (-10.11%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PHILLIPS 66 as long as the price remains well below 78.53 USD. The sellers” bearish objective is set at 68.21 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 66.71 USD. In case of crossing, the next objective would be the support located at 58.57 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PHILLIPS 66 price is 74.22 USD. The price is lower by -0.86% since the last closing with the lowest point at 72.25 USD and the highest point at 75.45 USD. The deviation from the price is +2.73% for the low point and -1.63% for the high point.72.25
75.45
74.22
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PHILLIPS 66 indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 74.22 | 78.53 | 88.17 | 94.52 |
| Change (%) | - | +5.81% | +18.80% | +27.35% |
| Change | - | +4.31 | +13.95 | +20.30 |
| Level | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.40 | 69.89 | 72.38 | 73.87 | 76.36 | 77.85 | 80.34 |
| Camarilla | 73.77 | 74.13 | 74.50 | 74.86 | 75.23 | 75.59 | 75.95 |
| Woodie | 68.89 | 70.14 | 72.87 | 74.12 | 76.85 | 78.10 | 80.83 |
| Fibonacci | 69.89 | 71.41 | 72.35 | 73.87 | 75.39 | 76.33 | 77.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.72 | 61.55 | 68.21 | 78.04 | 84.70 | 94.53 | 101.19 |
| Camarilla | 70.33 | 71.84 | 73.35 | 74.86 | 76.37 | 77.88 | 79.40 |
| Woodie | 50.13 | 60.76 | 66.62 | 77.25 | 83.11 | 93.74 | 99.60 |
| Fibonacci | 61.55 | 67.85 | 71.74 | 78.04 | 84.34 | 88.23 | 94.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.74 | 58.57 | 66.71 | 79.54 | 87.68 | 100.51 | 108.65 |
| Camarilla | 69.09 | 71.02 | 72.94 | 74.86 | 76.78 | 78.71 | 80.63 |
| Woodie | 43.40 | 57.40 | 64.38 | 78.37 | 85.35 | 99.34 | 106.32 |
| Fibonacci | 58.57 | 66.58 | 71.53 | 79.54 | 87.55 | 92.50 | 100.51 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 17.26 | |
| MACD (12,26,9): | -5.7600 | |
| Directional Movement: | -42.11 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 78.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.91 | |
| Elder Ray (13): | -8.84 | |
| Super Trend (3,10): | 82.54 | |
| Zig ZAG (10): | 74.15 | |
| VORTEX (21): | 0.6200 | |
| Stochastique (14,3,5): | 10.13 | |
| TEMA (21): | 76.58 | |
| Williams %R (14): | -87.27 | |
| Chande Momentum Oscillator (20): | -16.26 | |
| Repulse (5,40,3): | -3.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7100 | |
| Courbe Coppock: | 22.19 |
| MA7: | 80.29 | |
| MA20: | 86.12 | |
| MA50: | 97.18 | |
| MA100: | 104.59 | |
| MAexp7: | 79.04 | |
| MAexp20: | 85.69 | |
| MAexp50: | 94.06 | |
| MAexp100: | 98.71 | |
| Price / MA7: | -7.56% | |
| Price / MA20: | -13.82% | |
| Price / MA50: | -23.63% | |
| Price / MA100: | -29.04% | |
| Price / MAexp7: | -6.10% | |
| Price / MAexp20: | -13.39% | |
| Price / MAexp50: | -21.09% | |
| Price / MAexp100: | -24.81% |
News
The latest news and videos published on PHILLIPS 66 at the time of the analysis were as follows:
- Phillips 66 and Trafigura Form Joint Venture to Develop Deepwater Port
- Phillips 66 Partners Files 2019 Form 10-K
- Phillips 66 Partners Acquires Interest in Liberty Pipeline
- Phillips 66 Partners to Announce First-Quarter Financial Results
- Phillips 66 to Announce First-Quarter Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis PHILLIPS 66 - Daily