PSX Price Prediction Next Week
Phillips 66 (PSX) Stock Price Prediction and Recommendation
Technical Analysis:
- Current Price: PSX closed at $126.18 on March 7, 2025, with a real-time price of $125.14.
- Fibonacci Levels: The stock is trading near the Fibonacci pivot point of $124.31, with resistance levels at $129.79 and $133.17, and support levels at $118.82 and $115.44.
- RSI: The Relative Strength Index (RSI) for PSX is at 54.57 (6-period), 52.76 (12-period), and 52.78 (14-period), indicating a neutral position.
- MACD: The MACD line is slightly above the signal line, suggesting a weak bullish signal.
- Stochastic Oscillator: The %K line is below the %D line, indicating a bearish signal, but nearing oversold territory.
News and Fundamental Analysis:
- Energy Sector Challenges: The energy sector is facing headwinds due to falling oil prices, reduced investments, and tepid demand growth, particularly from China's electric vehicle adoption.
- Company-Specific News: Elliott Investment Management has built a large stake in PSX, pushing for performance transformation. However, refining profit margins have declined, weighing on results.
- LNG Bright Spot: The U.S. is expanding LNG production, with PSX potentially benefiting from this growth.
Analyst Sentiment:
- Consensus Rating: The consensus rating for PSX is "Moderate Buy" with a mean price target of $141.10, representing a 12.4% upside from current levels.
Price Prediction and Recommendation:
- Based on the Fibonacci levels and technical indicators, PSX is expected to test the resistance level at $129.79 next week. If it breaks above this level, the stock could move towards $133.17.
- Target Price: $130.00 for the next trading week.
- Recommendation: Buy PSX at the current level with a target price of $133.17 and a stop-loss at $115.44.
PSX Similar Chart Price Prediction
The price of PSX is predicted to go up 51.4%, based on the high correlation periods with PAYS. The similarity of these two price pattern on the periods is 91.43%.
PSX
PAYS
Up: 51.4%Similarity: 91.43%
PSX Revenue Forecast
PSX EPS Forecast
PSX FAQs
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PSX VS S&P500
Phillips 66 is expanding its midstream and chemical segments so that refining will represent a smaller portion of earnings over time and help to mitigate the risk of falling refined product demand.
Investments and cost-cutting will lead to higher midcycle earnings capacity and greater shareholder returns relative to the past.
With one of the highest distillate yields among its peers, Phillips 66 is well positioned for the long term, where the growth outlook for distillate is more favorable than gasoline.
PSX Analyst's Forecast
Theresa Chen
Barclays
Hold
2025-03-14
Price Target
$115 → $135
Upside
+6.53%
Barclays raised the firm's price target on Phillips 66 to $135 from $115 and keeps an Equal Weight rating on the shares. The firm says competition is "heating up" for the midstream refiners amid the macro uncertainty.
Theresa Chen
Barclays
Hold
2025-01-13
Price Target
$124 → $115
Downside
-0.84%
Doug Leggate
Wolfe Research
Hold → Buy
2025-01-03
Price Target
n/a
Downside
0%
