PHILLIPS 66 - 1H - Technical analysis published on 12/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
72%
6%
22%
My opinion
Bullish above 70.26 USD
My targets
74.86 USD (+4.64%)
76.39 USD (+6.78%)
My analysis
The current short-term bullish acceleration on PHILLIPS 66 should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 70.26 USD. Short-term buyers will use the resistance located at 74.86 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 76.39 USD. Crossing this resistance would then open the door for buyers to target 78.58 USD. Caution, if there is a return to under 70.26 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
3.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PHILLIPS 66 rating is 71.54 USD. The price registered an increase of +4.18% on the session and was between 67.93 USD and 71.67 USD. This implies that the price is at +5.31% from its lowest and at -0.18% from its highest.67.93
71.67
71.54
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of PHILLIPS 66 indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 64.27 | 68.01 | 70.26 | 71.54 | 74.86 | 76.39 | 78.58 |
| Change (%) | -10.16% | -4.93% | -1.79% | - | +4.64% | +6.78% | +9.84% |
| Change | -7.27 | -3.53 | -1.28 | - | +3.32 | +4.85 | +7.04 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.39 | 66.51 | 67.59 | 69.71 | 70.79 | 72.91 | 73.99 |
| Camarilla | 67.79 | 68.08 | 68.38 | 68.67 | 68.96 | 69.26 | 69.55 |
| Woodie | 63.87 | 66.25 | 67.07 | 69.45 | 70.27 | 72.65 | 73.47 |
| Fibonacci | 66.51 | 67.73 | 68.49 | 69.71 | 70.93 | 71.69 | 72.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.25 | 62.66 | 65.96 | 70.37 | 73.67 | 78.08 | 81.38 |
| Camarilla | 67.13 | 67.84 | 68.54 | 69.25 | 69.96 | 70.66 | 71.37 |
| Woodie | 57.69 | 62.38 | 65.40 | 70.09 | 73.11 | 77.80 | 80.82 |
| Fibonacci | 62.66 | 65.61 | 67.43 | 70.37 | 73.32 | 75.14 | 78.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.33 | 59.70 | 64.44 | 71.81 | 76.55 | 83.92 | 88.66 |
| Camarilla | 65.84 | 66.95 | 68.06 | 69.17 | 70.28 | 71.39 | 72.50 |
| Woodie | 51.01 | 59.04 | 63.12 | 71.15 | 75.23 | 83.26 | 87.34 |
| Fibonacci | 59.70 | 64.33 | 67.19 | 71.81 | 76.44 | 79.30 | 83.92 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.23 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | 1.68 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 69.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.93 | |
| Elder Ray (13): | 1.07 | |
| Super Trend (3,10): | 68.01 | |
| Zig ZAG (10): | 71.46 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 70.90 | |
| TEMA (21): | 70.26 | |
| Williams %R (14): | -10.62 | |
| Chande Momentum Oscillator (20): | 2.75 | |
| Repulse (5,40,3): | 2.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.84 |
| MA7: | 70.88 | |
| MA20: | 73.97 | |
| MA50: | 75.76 | |
| MA100: | 72.69 | |
| MAexp7: | 70.63 | |
| MAexp20: | 70.08 | |
| MAexp50: | 71.02 | |
| MAexp100: | 72.66 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | -3.29% | |
| Price / MA50: | -5.57% | |
| Price / MA100: | -1.58% | |
| Price / MAexp7: | +1.29% | |
| Price / MAexp20: | +2.08% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | -1.54% |
Quotes :
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15 min delayed data
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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:
- Phillips 66 to Present at BofA Securities Global Energy Conference
- Phillips 66 Announces Redemption of Floating Rate Senior Notes Due 2024
- Phillips 66 to Convert Alliance Refinery to Terminal Facility
- Phillips 66 Reports Third-Quarter 2021 Financial Results
-
“The Buzz'' Show: Plug Power Inc. (NASDAQ: PLUG) Phillips 66 for Low-Carbon Hydrogen Businesses
This member declared not having a position on this financial instrument or a related financial instrument.
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