Phillips 66 stock: buy or sell

PSX stock price: $75.22 0.91% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

Phillips 66 stock brief

  • Counting on Wednesday, it's been 3 consecutive sessions in green for Phillips 66. Price closed on Wednesday at $75.22 after only changing a 0.91%.
  • Phillips 66 is presenting its earnings report on Friday
  • 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?

Currently, Phillips 66 stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $PSX in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Phillips 66 stock?

"To sell or not to sell", if you are holding Phillips 66 shares?. Just as when we have to buy shares, deciding when is appropiate to sell is not a fickle decision, and we must follow our own trading strategy. When selling, as well as buying, detailed strategies are very easy to follow but are only applicable for selling stocks you already own, not for shorting $PSX stock

A golden rule is that you should not hold a trade that results in losses greater than those expected upon purchase. The moment to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Phillips 66 stock?

Currently, Phillips 66 stock doesn't match any of our preferred sell setups, so if you hold Phillips 66 stock and your operation is in profit probably is not time to sell now

Phillips 66 ratings

In the last 30 days we couldn't find any rating for Phillips 66

Phillips 66 stock analysis

SMAs overview

PSX stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $77.08 (2.47% above)
  • R2: $77.57 (3.12% above)
  • R3: $78.47 (4.32% above)
  • The current supports are:

  • S1: $74.85 (-0.49% below)
  • S2: $74.76 (-0.61% below)
  • S3: $74.33 (-1.18% below)
  • Bollinger bands

    Since the price broke down the lower band on July 20, the price has bounced up by 7.87%

    PSX stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold line of 30 on July 21 after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI reading on Wednesday was 40.05. Phillips 66 price exploded a 5.75% since RSI left the oversold zone

    PSX stock RSI chart

    Phillips 66 stock price history

    Phillips 66 went public priced at an adjusted price1 of $24.99 on Apr 2012. Since then, PSX stock surged by 201.00%, with an average of 22.33% per year. If you had invested $1,000USD in Phillips 66 stock at that time, it would be valued $3,010.00 today.

    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 post their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, financial institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial information by the company, and usually. Again, these targets are not direct recommendations for individual investors and should not be trusted blindly.

    We don't have any target price posted in the last 4 weeks for Phillips 66.

    Earnings and financials

    Phillips 66 ($PSX) is hosting the Q2 earnings call on Friday. Wall Street estimates of $0.86, compared to previous quarter that was $-1.16. Regarding to turn over, the estimates are $22.9 billion.

    Stocks releasing financial report usually show a much higher volatility in its price while market is closed and the session after. This extended trading range in price may imply that your stop-loss orders may become useless or may trigger far from your aimed price. You can obtain more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.phillips66.com.

    Phillips 66 ($PSX) had the shareholders call and presented the report last April. Phillips 66 posted earnings of $-1.16 per share on revenue of $21.9 billion. The consensus earnings estimate was $-1.40 per share on revenue of $18.6 billion.

    This compares to Earnings of $1.02 per share same quarter last year, so reported EPS means a drop of -213.73%. Looking at sales, figures slightly moved compared to $208.8B same quarter last year.

    Phillips 66 performance

    PSX performance compared
    Company1m3m6m
    Phillips 66 ($PSX) -12.70% -6.10% 7.20%

    Please read:
    The thoughts published in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the individual conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for education motives only

    Phillips 66 summary

    Wednesday, July 28th, 2021
    Open$74.91
    Close$75.22
    Day range$73.78 - $75.91
    Previous close$74.54
    Session gain0.91%
    Average true range$3.41
    50d mov avg$84.29
    100d mov avg$82.78
    200d mov avg$73.90
    Earnings dateJuly 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 had no ratings in the last four weeks Read the article to get additional tips on trading PSX stock.

    Will PSX go up?

    There were no predictions published by market analysts in the last 4 weeks for Phillips 66.