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Takip Edin: @UscMarketsPSX Stock Forecast & Phillips 66 Chart Analysis
This article provides a detailed analysis of PSX-Phillips 66 stock including a forecast for PSX shares. It features Phillips 66 technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
PSX Historical Data Review
PSX Current Price Performance Analysis
The Phillips 66 - PSX stock traded on the American stock market, on 06-05-2024, closed at 137.39$ with a %0.29 increased compared to the previous day.
In the last month, the price of PSX changed by %-5.33 decreased in value, from 145.12 dollars on 05-06-2024 to 137.39 dollars, decreased.
Last year, the price of PSX was 96.82 dollars on 06-06-2023, and changed by %41.90 increased in value, to 137.39 dollars increased within a year.
The price of Phillips 66 stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
PSX with AI Stock Forecast & Price Target
On the PSX chart Phillips 66 price was recorded as 137.39 Dollars on 06/05/2024.
The artificial intelligence's forecast on PSX stock is as follows.
The artificial intelligence's prediction error margin for PSX stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Phillips 66 stock over the next 4 months is: 125.0 Dollars.
The commentary on PSX stock Target Price: Highest: 147.041 Dollars is predicted.
The commentary on PSX stock Target Price: Lowest: 108.332 Dollars is predicted.
Resistance Price where Phillips 66 stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 127.491 |
| 01-06-2025 | 129.965 |
Support Price where Phillips 66 stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 108.332 |
| 11-12-2024 | 115.206 |
| 01-21-2025 | 129.055 |
The commentary on PSX stock: The target price can generally be said to be on the rise.
The commentary on PSX stock: Fluctuations in the target price can be expected in the coming days.
The target price for Phillips 66 stock by the end of 2024 is predicted to be 129.234 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on PSX stock, and the 2024 target price predictions for Phillips 66 are detailed above.
The technical analysis and charts for the commentary on PSX stock are below.
PSX Support & Resistance and Trend Analysis
PSX stock you have reviewed the technical analysis support resistance charts regarding.
PSX : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the PSX review, the Phillips 66 support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Phillips 66 Support and Resistance Prices:
| PSX Support Level Price | PSX Resistance Level Price |
|---|---|
| 110.54 | 133.02 |
| 123.29 | 138.06 |
| 126.63 | 149.23 |
| 131.42 | 149.52 |
| 138.64 | 150.41 |
| 140.49 | 150.77 |
| 140.87 | 173.75 |
| 155.52 | 174.08 |
PSX Technical Analysis: SMA, RSI, MACD
Upon reviewing the PSX chart, buy and sell signals have been generated in the Phillips 66 technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for PSX stock are as follows:- PSX technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Phillips 66 gave a 'Buy' signal when the RSI was at 23.692, with the current RSI value at 29.06.
- The technical analysis for Phillips 66 indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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