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 03/02/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
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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:
15 min. 1H Weekly

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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


PriceR1R2R3
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
Standard68.4069.8972.3873.8776.3677.8580.34
Camarilla73.7774.1374.5074.8675.2375.5975.95
Woodie68.8970.1472.8774.1276.8578.1080.83
Fibonacci69.8971.4172.3573.8775.3976.3377.85


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard51.7261.5568.2178.0484.7094.53101.19
Camarilla70.3371.8473.3574.8676.3777.8879.40
Woodie50.1360.7666.6277.2583.1193.7499.60
Fibonacci61.5567.8571.7478.0484.3488.2394.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard45.7458.5766.7179.5487.68100.51108.65
Camarilla69.0971.0272.9474.8676.7878.7180.63
Woodie43.4057.4064.3878.3785.3599.34106.32
Fibonacci58.5766.5871.5379.5487.5592.50100.51

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%

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

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