Phillips 66's 15min chart triggers MACD Death Cross and KDJ Death Cross.

According to the 15-minute chart for Phillips 66, the Moving Average Convergence Divergence (MACD) indicator has recently triggered a "death cross," a signal that the stock price is poised to continue its downward trend. Additionally, the Kappa Distribution (KDJ) indicator has also exhibited a "death cross," further confirming the likelihood of a decline in the stock price. This trend is expected to continue, as the momentum of the stock price is shifting towards the downside, potentially leading to further decreases in value.

Phillips 66 (NYSE:PSX) has recently encountered significant technical headwinds, with the Moving Average Convergence Divergence (MACD) indicator triggering a "death cross," signaling a potential continuation of its downward trend. Additionally, the Kappa Distribution (KDJ) indicator has also exhibited a "death cross," further confirming the likelihood of a decline in the stock price. This trend is expected to persist, as the momentum of the stock price is shifting towards the downside, potentially leading to further decreases in value.

The MACD "death cross" occurs when the MACD line crosses below the signal line, typically indicating a change in the stock's momentum from bullish to bearish. Similarly, the KDJ "death cross" indicates a potential shift in the stock's trend towards the downside. Both indicators have historically been used by traders to identify potential reversals in stock prices [1].

Despite these technical signals, Phillips 66 has shown mixed fundamentals. The company reported a record high refining utilization rate of 98% since 2018 and highlighted the Midstream segment, generating an adjusted EBITDA of approximately $1 billion. However, the Superior Court of California ordered the company to pay $195 million in exemplary damages to Propel Fuels, in addition to the $604.9 million in compensatory damages awarded in October 2024. The company is planning to appeal the decision, and the outcome remains uncertain.

Analyst views on Phillips 66 are also mixed. While UBS recently upgraded the stock to "Strong Buy," Piper Sandler and Morgan Stanley have issued neutral or underperform ratings. The simple average rating is 3.43, while the performance-weighted rating is 2.35, suggesting analysts are leaning cautiously bearish, especially when adjusting for historical success [2].

Technical indicators show bearish momentum dominates, with overbought conditions not resolving. Recent chart patterns show recurring Williams %R and RSI overbought signals, indicating unresolved market risks and prompting caution before entering long positions. The fund-flow score is 7.87, indicating that while money is flowing in, institutional sentiment is not strongly supportive of a long-term bullish move.

In conclusion, Phillips 66 is in a tricky position. While fundamentals and analyst views are mixed, the technical picture is clearly bearish. Given the recurring overbought signals and weak momentum, it’s worth considering waiting for a pull-back before entering long positions. Investors should also monitor upcoming earnings and any developments in Nigeria’s regulatory environment for potential catalysts.

References:
[1] https://www.ainvest.com/news/phillips-66-15min-chart-shows-macd-death-cross-kdj-death-cross-signals-2508/
[2] https://finance.yahoo.com/news/phillips-66-psx-dividend-strengthens-054608668.html