StockCharts TV on $PSX (Nov 3, 2026)
PSX is one of the better energy charts since the summer, in a pretty good uptrend of higher highs and higher lows, above its 50- and 200-day moving averages with RSI above 40 in bullish territory; as a downstream name it is much less sensitive to volatile crude prices. As long as this trend continues, the speaker is quite interested.
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Phillips 66 is part of a group of three members of the S&P 500 energy sector, primarily known as downstream energy companies. These are basically gas station companies.
What is interesting about these stocks? It is a way to invest in the energy sector, but its sensitivity to crude oil prices is much lower.
And therefore, it is much less sensitive to changes in crude oil prices. The crude oil market is clearly quite volatile and looks set to remain so in the coming weeks and months, but charts like the PSX are a bit less sensitive to crude oil prices and are generally in a pretty good uptrend.
I would say that in the energy sector, these are some of the better charts we've seen since the summer.
PSX is consistently making higher highs and higher lows. And as long as this trend continues, I'm quite interested in it. For now, we are above the 50 and 200-day moving averages.
As long as this continues, I'm quite interested. Momentum is within bullish territory as the RSI is above 40. As long as it continues, I'm interested.