Phillips 66 stock: buy or sell

PSX stock price: $79.02 -0.47% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

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Phillips 66 stock brief

  • Phillips 66 stock merely changed -0.47% to close at $79.02 on the stock market on Thursday.
  • The stock is configuring an uptrend pattern since October 2020, when it bottomed at $42.13. Up to date, the uptrend made a 87.56% profit since the beginning of this rally
  • Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S).

Should I buy Phillips 66 stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $PSX stock a buy?

In the current situation of Phillips 66 there is just one buy setup eligible:

Uptrend buy setup

Phillips 66 stock continues to trend higher since in October 2020 and has marked an amazing 87.56% gain. Price marked a pull back in this uptrend at $76.66 last Tuesday, and since then it bounced up a 3.08%. Now, it's just 14.64% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $90.59. If you decide to enter this trade, the suggested stop loss is at $81.53

Buy setupBuy pointStop lossRisk
Uptrend buy setup$90.59$81.5310.00%

Should I sell Phillips 66 stock?

When you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. Trading strategies prevent us from making rash decisions based on our emotions or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies should not be used for shorting $PSX stock

As a golden rule, you should never mantain a trading operation that shows a greater losses than those expected upon purchase. When to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Phillips 66 stock?

In the current situation of Phillips 66 there is not any eligible sell setup, so Phillips 66 stock holders with operations in profit can keep their positions

Phillips 66 ratings

In the last 30 days, 5 analyst ratings were published for Phillips 66. General sentiment is bullish, with 3 out of 5 posting positive outlooks

Phillips 66 analysts' ratings - Last month
Brokerage firmRating
Mar 17th, 2021
Citigroup Neutral
Morgan Stanley Buy
Raymond James Buy
Mar 23rd, 2021
Raymond James Buy
Apr 1st, 2021
Piper Sandler BuyNeutral

Phillips 66 stock analysis

Since in October 2020, Phillips 66 has been printing an uptrend that by now marked a gorgeous 87.56%. The chart shows higher peaks and higher lows, and along the way gave some buy points for those who wanted to invest. Latest low was last Tuesday, when price bounced at $76.66. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $90.59 and $76.66

SMAs overview

PSX stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $79.31 (0.37% above)
  • R2: $79.82 (1.01% above)
  • R3: $82.13 (3.94% above)
  • The current support levels are:

  • S1: $78.40 (-0.78% below)
  • S2: $77.91 (-1.40% below)
  • S3: $76.66 (-2.99% below)
  • Bollinger bands

    The price is trading very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy point, as price can trade in these levels for many days and weeks

    PSX stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Thursday was 44.5. Since then, Phillips 66 price tanked a 10.68%

    PSX stock RSI chart

    Phillips 66 stock price history

    Phillips 66 started trading priced at an adjusted price1 of $25.26 on Apr 2012. Since then, PSX stock has risen by 212.83%, with an average of 23.65% per year. An investment of $1,000USD on the IPO would worth $3,128.27 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    PSX stock price history chart

    Price target for Phillips 66 stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.

    The following table shows the price forecasts published by financial institutions in the last 30 days. If you are a small trader you don't have to invest based on these forecasts.

    There are 5 price predictions issued for Phillips 66 that average $97.80. Phillips 66 closed at $79.02 on Thursday, that is a 19.20% than the predicted price.

    Phillips 66 stock price predictions
    Brokerage firmPrice target
    Mar 17th, 2021
    Citigroup $81.00$99.00
    Morgan Stanley $82.00$105.00
    Raymond James $80.00$100.00
    Mar 23rd, 2021
    Raymond James $80.00$100.00
    Apr 1st, 2021
    Piper Sandler $80.00$85.00

    Earnings and financials

    Investors call was hosted by Phillips 66 ($PSX) last January after presenting the financial report. Phillips 66 posted earnings of $-1.16 per share on sales of $16.8 billion. The market estimate was $-1.05 per share on revenue of $16.1 billion.

    Compared to the same quarter last year, EPS was $1.54, so current EPS is a decrease of -175.32%. Looking at revenue, figures collapsed a -43.65% compared to $291.3B same quarter last year.

    Phillips 66 ($PSX) presents Q1 earnings report on April 30. Wall Street analysts forecast of $-1.20, that is a 3.45% less than previous quarter.

    Phillips 66 performance

    PSX performance compared
    Company1m3m6m
    Phillips 66 ($PSX) -7.00% 11.00% 56.90%

    Important:
    The comments written in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the particular scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for educative reasons only

    Phillips 66 summary

    Thursday, April 15th, 2021
    Open$79.03
    Close$79.02
    Day range$78.25 - $79.27
    Previous close$79.39
    Session gain-0.47%
    Average true range$2.54
    50d mov avg$81.43
    100d mov avg$74.71
    200d mov avg$65.39
    Earnings dateApril 30th, 2021

    Frequently asked questions

    What is Phillips 66 stock symbol?

    Phillips 66 is a public company trading in the US stock market with the PSX symbol

    Is Phillips 66 stock a buy or sell?

    Phillips 66 received 5 ratings in the last 30 days: 3 bullish, 0 bearish and 2 neutral.

    Will PSX go up?

    Phillips 66 had different price forecasts posted by analysts in the last month setting the target price to $97.80. That is a 23.77% than the last price ($79.02).