Auto-detected technical analysis for PSX · data as of Aug 4, 2026. The chart above is live; the read below updates daily.
PSX just broke higher out of a bullish pennant — a brief, tidy pause inside a strong run. That's usually a breather before another push up.
As long as price stays above $164.1, the setup is intact — a daily close back below there is the cue to step away.
A natural first target sits near $224.0 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.
PSX is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.
New to this pattern? What a bullish pennant is and how to trade it →
Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.
Every completed pattern trade our nightly backtest found on PSX's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Rising Wedge | Jun 12, 2026 @ $177.61 | Jul 9, 2026 @ $189.82 | Loss | -1.18R |
| Rising Wedge | Dec 16, 2025 @ $134.20 | Feb 3, 2026 @ $148.09 | Loss | -1.29R |
| Triangle | Dec 10, 2025 @ $141.30 | Dec 18, 2025 @ $129.13 | Loss | -1.14R |
| Triangle | Nov 17, 2025 @ $136.21 | Dec 10, 2025 @ $143.81 | Loss | -1.08R |
| Bullish Pennant | Jul 3, 2025 @ $127.33 | Dec 16, 2025 @ $131.78 | Win | +0.48R |
| Triangle | Apr 3, 2025 @ $117.46 | Apr 4, 2025 @ $106.47 | Win | +0.86R |
| Triangle | Mar 27, 2025 @ $125.22 | Apr 3, 2025 @ $111.91 | Win | +2.66R |
| Falling Wedge | Oct 1, 2024 @ $133.08 | Oct 24, 2024 @ $128.49 | Loss | -1.02R |
| Triangle | Jul 30, 2024 @ $143.67 | Aug 2, 2024 @ $133.76 | Loss | -1.30R |
| Rising Wedge | Mar 12, 2024 @ $150.53 | Mar 25, 2024 @ $156.46 | Win | +0.61R |
| Rising Wedge | Nov 28, 2023 @ $119.01 | Dec 12, 2023 @ $125.22 | Win | +0.73R |
| Triangle | Nov 17, 2023 @ $117.12 | Dec 12, 2023 @ $125.22 | Win | +1.23R |
A chance to go short showed up on the weekly chart about 2 weeks ago: price ran up to $213.49 — a level traders often watch as a target (161.8% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.
Nearest auto-detected support sits near $187.03, resistance near $265.69. These are chart/swing-derived levels, not formula pivots.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 4, 2026 | $202.43 | $206.84 | $200.60 | $205.89 |
| Aug 3, 2026 | $209.15 | $211.59 | $205.06 | $206.19 |
| Jul 31, 2026 | $213.50 | $213.99 | $208.86 | $211.68 |
| Jul 30, 2026 | $205.00 | $211.68 | $203.91 | $210.60 |
| Jul 29, 2026 | $210.00 | $211.66 | $206.00 | $206.81 |
| Jul 28, 2026 | $208.49 | $210.11 | $205.18 | $205.85 |
| Jul 27, 2026 | $203.90 | $208.95 | $200.80 | $207.82 |
| Jul 24, 2026 | $206.21 | $210.64 | $205.35 | $206.77 |
| Jul 23, 2026 | $214.58 | $215.31 | $205.76 | $206.98 |
| Jul 22, 2026 | $216.00 | $216.08 | $210.27 | $211.41 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.