PSX Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for PSX's stock price next week:
Technical Analysis:
- Current price: $121.86
- RSI (14): 57.95 indicates neutral momentum
- MACD: 0.20 showing slightly bullish momentum
- SMA20: $116.46
- SMA200: $132.66 - Price trading below long-term average indicating bearish trend
- Fibonacci levels:
- Resistance 1: $122.86
- Resistance 2: $125.57
- Support 1: $114.09
- Support 2: $111.38
News Sentiment Analysis:
- Recent earnings reports and economic data releases scheduled for next week could impact energy sector volatility
- Phillips 66 will report Q4 earnings on Friday, January 31, 2025
- The company received a $6M government contract payment for aviation fuel, showing continued business stability
- Institutional investors showed mixed activity with 717 adding positions and 816 reducing positions in recent quarter
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Expected trading range: $118-$124
- Most likely scenario: Price will test resistance at $122.86 but face selling pressure
- Target price: $120.50 (-1.1% from current)
Trading Recommendation: SELL
- Current price ($121.86) is near resistance level
- Trading below 200-day moving average indicates bearish trend
- Mixed institutional sentiment suggests caution
- Upcoming earnings report could increase volatility
Entry: $121.86 Stop loss: $124.00 Target: $118.00
PSX Similar Chart Price Prediction
The price of PSX is predicted to go up -0.05%, based on the high correlation periods with UNIT. The similarity of these two price pattern on the periods is 96.85%.
PSX
UNIT
Down: -0.05%Similarity: 96.85%
PSX Revenue Forecast
PSX EPS Forecast
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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
Price Target
$124 → $115
Upside
-0.84%
Barclays analyst Theresa Chen lowered the firm's price target on Phillips 66 to $115 from $124 and keeps an Equal Weight rating on the shares. On top of a challenging refining macro environment, lower chemical margins made for a difficult quarter, the analyst tells investors in a research note.
Theresa Chen
Barclays
Hold
Price Target
$133 → $124
Upside
-3.08%
Jean Ann Salisbury
B of A Securities
Strong Buy
Price Target
$156
Upside
+17.06%