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Phillips 66 Stock Price Forecast. Should You Buy PSX? ^ false Check if PSX Stock has a Buy or Sell Evaluation. PSX Stock Price (NYSE), Forecast, Predictions, Stock Analysis and Phillips 66 News."> ^ false Check if PSX Stock has a Buy or Sell Evaluation. PSX Stock Price (NYSE), Forecast, Predictions, Stock Analysis and Phillips 66 News."/>
GBDC Stock +24.76% Since The Golden Star Was Identified GBDC Stock +24.76% Since The Golden Star Was Identified Unlock Golden Star List
$157.05
+2.34 (+1.51%)
At Close: Apr 22, 2024
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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PSX
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Phillips 66 stock price up 1.51% on Monday
(Updated on Apr 22, 2024)

Sell candidate since Apr 17, 2024 Loss -0.13% PDF

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The Phillips 66 stock price gained 1.51% on the last trading day (Monday, 22nd Apr 2024), rising from $154.71 to $157.05. During the last trading day the stock fluctuated 3.42% from a day low at $153.09 to a day high of $158.33. The price has fallen in 7 of the last 10 days and is down by -6.82% for this period. Volume fell on the last day by -735 thousand shares and in total, 1 million shares were bought and sold for approximately $199.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $154.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.44% during the next 3 months and, with a 90% probability hold a price between $182.64 and $211.46 at the end of this 3-month period.

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PSX Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Phillips 66 stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $157.64 and $158.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -9.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Phillips 66 stock

On the downside, the stock finds support just below today's level from accumulated volume at $146.82 and $145.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Phillips 66 finds support just below today's level at $146.82. If this is broken, then the next support from accumulated volume will be at $145.55 and $144.31.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.24 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 2.73%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PSX) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Phillips 66 to open at $156.16, and during the day (based on 14 day Average True Range), to move between $153.11 and $160.99, which gives a possible trading interval of +/-$3.94 (+/-2.51%) up or down from last closing price. If Phillips 66 takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $159.03 (1.26%) than the support at $146.82 (6.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Phillips 66 will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.16. We will update the financials statements for Phillips 66, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.56% in the first trading day after earnings release.

Is Phillips 66 stock A Buy?

The Phillips 66 stock holds several negative signals and despite the positive trend, we believe Phillips 66 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.691 Sell Candidate Unchanged

Predicted Opening Price for Phillips 66 of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$156.16 ( 0.569%) $157.05

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PSX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 161.40 2.77 %
R2 159.39 1.49 %
R1 158.16 0.706 %
Current price: 157.05
Support S1 154.15 -1.84 %
S2 152.92 -2.63 %
S3 150.92 -3.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 165.41 5.32 %
R2 163.34 4.01 %
R1 159.03 1.26 %
Current price 157.05
Support S1 146.82 -6.51%
S2 145.55 -7.32%
S3 144.31 -8.11%

PSX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 03, 2024 May 17, 2024 Jun 03, 2024 $1.15 0.732%
2 Feb 07, 2024 Feb 16, 2024 Mar 01, 2024 $1.05 0.728%
3 Oct 06, 2023 Nov 16, 2023 Dec 01, 2023 $1.05 0.81%
4 Jul 12, 2023 Aug 17, 2023 Sep 01, 2023 $1.05 0.90%
5 May 10, 2023 May 19, 2023 Jun 01, 2023 $1.05 1.13%

FAQ

What is the symbol for Phillips 66 Stock and on which exchange is it traded?
The symbol for Phillips 66 is PSX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Phillips 66 Stock?
The Phillips 66 stock holds several negative signals and despite the positive trend, we believe Phillips 66 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Phillips 66 Stock?
Phillips 66 Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Phillips 66 Stock.

What's the current price of Phillips 66 Stock?
As of the end of day on the Apr 22, 2024, the price of an Phillips 66 (PSX) share was $157.05.

What is the 52-week high and low for Phillips 66 Stock?
The 52-week high for Phillips 66 Stock is $174.06 and the 52-week low is $89.74.

What is the market capitalization of Phillips 66 Stock?
As of the Apr 22, 2024, the market capitalization of Phillips 66 is 66.189B.

When is the next earnings date for Phillips 66?
The upcoming earnings date for Phillips 66 is Apr 26, 2024.
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