Shell Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Shell stock price ended at $74.09 on Friday, after gaining 0.734%.
(Updated on May 10, 2024)
The Shell stock price gained 0.734% on the last trading day (Friday, 10th May 2024), rising from $73.55 to $74.09. During the last trading day the stock fluctuated 0.514% from a day low at $73.88 to a day high of $74.26. The price has risen in 6 of the last 10 days and is up by 1.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $321.31 million.
The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.00% during the next 3 months and, with a 90% probability hold a price between $86.84 and $90.35 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 $72.93 and $71.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 4.43%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $72.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.380 between high and low, or 0.514%. For the last week the stock has had daily average volatility of 0.81%.
Our recommended stop-loss: $70.67 (-4.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SHEL) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Shell plc to open at $74.08, and during the day (based on 14 day Average True Range), to move between $73.14 and $75.04, which gives a possible trading interval of +/-$0.95 (+/-1.29%) up or down from last closing price. If Shell plc takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $72.44, some $1.65 (2.23%) from the current price of $74.09, our system finds the risk reward attractive.
Is Shell plc stock A Buy?
Shell holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.512 Strong Buy Candidate Unchanged
Predicted Opening Price for Shell plc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $74.08 ( 0.0180%) | $74.09 |
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 | 74.46 | 0.495 % | |
| R2 | 74.31 | 0.299 % | ||
| R1 | 74.22 | 0.178 % | ||
| Current price: | 74.09 | |||
| Support | S1 | 73.93 | -0.214 % | |
| S2 | 73.84 | -0.335 % | ||
| S3 | 73.70 | -0.531 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 74.09 | |||
| Support | S1 | 72.44 | -2.23% | |
| S2 | 69.76 | -5.84% | ||
| S3 | 63.62 | -14.13% |
SHEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 16, 2024 | Jun 24, 2024 | $0.690 | 0.93% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 25, 2024 | $0.688 | 1.02% |
| 3 | Nov 02, 2023 | Nov 16, 2023 | Dec 20, 2023 | $0.660 | 1.01% |
| 4 | Jul 27, 2023 | Aug 10, 2023 | Sep 18, 2023 | $0.662 | 1.01% |
| 5 | May 04, 2023 | May 18, 2023 | Jun 26, 2023 | $0.575 | 0.96% |
FAQ
Click here for our free guide on how to buy Shell Stock.
