Shell Plc Stock Forecast

Green day on Friday for Shell Plc
(Updated on Apr 26, 2024)

SHELL.AS Signals & Forecast

The Shell Plc 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 33.83€ and 31.97€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -1.52%. 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 Tuesday, July 11, 2023 in the long-term chart.

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 Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at 30.11€ and 29.54€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Shell Plc finds support just below today's level at 30.11€. If this is broken, then the next support from accumulated volume will be at 29.54€ and 29.20€.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.265€ between high and low, or 0.781%. For the last week, the stock has had daily average volatility of 1.02%.

Our recommended stop-loss: 32.68€ (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (SHELL.AS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Shell Plc to open at 34.05€, and during the day (based on 14 day Average True Range), to move between 33.58€ and 34.51€, which gives a possible trading interval of +/-0.465€ (+/-1.37%) up or down from last closing price. If Shell Plc takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 34.06€ (0.04%) than the support at 30.11€ (11.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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 Plc stock to perform well in the short-term.

Current score: 3.038 Buy Candidate Unchanged

Predicted Opening Price for Shell Plc of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.