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What is the Market's View on Phillips 66 (PSX) Stock's Price and Volume Trends Friday?

Friday, September 29, 2023 03:45 PM | InvestorsObserver Analysts

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What is the Market's View on Phillips 66 (PSX) Stock's Price and Volume Trends Friday?

Phillips 66 (PSX) stock is up 1.26% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Phillips 66 has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PSX!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PSX Stock Today?

Phillips 66 (PSX) stock is trading at $120.08 as of 3:40 PM on Friday, Sep 29, a drop of -$3.32, or -2.69% from the previous closing price of $123.40. The stock has traded between $119.48 and $123.44 so far today. Volume today is light. So far 1,642,271 shares have traded compared to average volume of 2,941,669 shares. To screen for more stocks like Phillips 66 click here.

More About Phillips 66

Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 2.0 million barrels per day, or mmb/d, after converting its 255 mb/d Alliance refinery to a terminal. The midstream segment comprises extensive transportation and NGL processing assets. It also includes its DCP Midstream joint venture, which holds 45 natural gas processing facilities, 11 NGL fractionation plants, and a natural gas pipeline system with 58,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins. Click Here to get the full Stock Report for Phillips 66 stock.

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