PSX Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: PSX may benefit from ongoing strategic moves, including planned divestitures and shifts in refinery focus. Strengthening oil prices and robust institutional support could enhance investor sentiment, driving stock prices higher.




Bearish Case: Potential refinery closures and ongoing regulatory pressures in California could signal declining operational efficiency and profitability. High implied volatility suggests market anxiety over these developments, potentially leading to declines.




Potential Outcomes:
  • Stable oil prices and strategic divestitures boost revenue (30%)
  • Regulatory pressures lead to operational disruptions (25%)
  • Elliott’s intervention enhances stock value (20%)
  • Failure to adapt to news events causes stock decline (25%)




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November 22, 2024


Phillips 66 Forecast

PSX        Phillips 66











Correlated Assets

Assets that tend to move strongly with PSX



AAP Forecast + Options Trading Strategies   AAP  Advance Auto Parts (0.85)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (0.85)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.84)


LYB Forecast + Options Trading Strategies   LYB  LyondellBasell Industries (0.84)


HP Forecast + Options Trading Strategies   HP  Helmerich & Payne (0.84)



Uncorrelated Assets

Assets with little price relationship to PSX



SU Forecast + Options Trading Strategies   SU  Suncor Energy (0.0)


CADL Forecast + Options Trading Strategies   CADL  Candel Therapeutics (-0.0)


CHAU Forecast + Options Trading Strategies   CHAU  Direxion Daily CSI 300 China A Share Bull 2X Shares (0.01)


THO Forecast + Options Trading Strategies   THO  Thor Industries (-0.02)


DKS Forecast + Options Trading Strategies   DKS  Dicks Sporting Goods (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against PSX



XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.76)


PSA Forecast + Options Trading Strategies   PSA  Public Storage (-0.77)


INCY Forecast + Options Trading Strategies   INCY  Incyte (-0.78)


COMM Forecast + Options Trading Strategies   COMM  CommScope (-0.79)


APD Forecast + Options Trading Strategies   APD  Air Products & Chemicals (-0.8)


PSX News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.










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