Shell Stock Forecast
Stronger technical forecast for Shell stock price after Friday trading.
(Updated on Apr 26, 2024)
No changes to the price of Shell stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0.97% from a day low at $72.68 to a day high of $73.39. The price has risen in 6 of the last 10 days and is up by 1.15% over the past 2 weeks.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $73.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.26% during the next 3 months and, with a 90% probability hold a price between $82.35 and $86.86 at the end of this 3-month period.
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SHEL Signals & Forecast
The Shell stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $72.56 and $69.27. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, February 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, July 10, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, February 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, July 10, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, February 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, July 10, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Shell stock
Shell finds support from accumulated volume at $69.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.705 (0.97%) between high and low. For the last week, the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: $70.56 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SHEL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Shell plc to open at $73.11, and during the day (based on 14 day Average True Range), to move between $72.31 and $74.23, which gives a possible trading interval of +/-$0.96 (+/-1.31%) up or down from last closing price. If Shell plc takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $69.76, some $3.51 (4.79%) from the current price of $73.27, our system finds the risk reward attractive.
Earnings coming up
Shell will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.87. We will update the financials statements for Shell, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.34% in the first trading day after earnings release.
Is Shell plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shell stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.477 Buy Candidate Upgraded
Predicted Opening Price for Shell plc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$73.11 ( 0.216%) | $73.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHEL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 73.82 | 0.746 % | |
R2 | 73.55 | 0.379 % | ||
R1 | 73.38 | 0.151 % | ||
Current price: | 73.27 | |||
Support | S1 | 72.84 | -0.584 % | |
S2 | 72.68 | -0.81 % | ||
S3 | 72.41 | -1.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 73.27 | |||
Support | S1 | 69.76 | -4.79% | |
S2 | 64.08 | -12.54% | ||
S3 | 63.56 | -13.25% |
SHEL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Feb 15, 2024 | Mar 25, 2024 | $0.688 | 1.02% |
2 | Nov 02, 2023 | Nov 16, 2023 | Dec 20, 2023 | $0.660 | 1.01% |
3 | Jul 27, 2023 | Aug 10, 2023 | Sep 18, 2023 | $0.662 | 1.01% |
4 | May 04, 2023 | May 18, 2023 | Jun 26, 2023 | $0.575 | 0.96% |
5 | Feb 02, 2023 | Feb 16, 2023 | Mar 27, 2023 | $0.575 | 1.03% |
FAQ
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