Shell Plc 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
Green day on Friday for Shell Plc stock after gaining 1.31%
(Updated on May 10, 2024)
The Shell Plc stock price gained 1.31% on the last trading day (Friday, 10th May 2024), rising from 33.96€ to 34.41€. During the last trading day the stock fluctuated 0.82% from a day low at 34.17€ to a day high of 34.45€. The price has risen in 6 of the last 10 days and is up by 1.07% over the past 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 5 million shares were bought and sold for approximately 156.27€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 20.69% during the next 3 months and, with a 90% probability hold a price between 40.44€ and 44.08€ at the end of this 3-month period.
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SHELL.AS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -0.477%. 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 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 33.86€ and 33.00€. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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.
Golden Star 12 Months
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 29.07€.
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 0.280€ between high and low, or 0.82%. For the last week the stock has had daily average volatility of 0.90%.
Our recommended stop-loss: 33.34€ (-3.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (SHELL.AS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Shell Plc to open at 34.34€, and during the day (based on 14 day Average True Range), to move between 33.95€ and 34.86€, which gives a possible trading interval of +/-0.451€ (+/-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 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 34.57€ (0.48%) than the support at 30.11€ (12.48%), 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: 4.819 Buy Candidate Unchanged
Predicted Opening Price for Shell Plc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 34.34€ ( 0.194%) | 34.41€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHELL.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.62 | 0.620 % | |
| R2 | 34.51 | 0.309 % | ||
| R1 | 34.45 | 0.117 % | ||
| Current price: | 34.41 | |||
| Support | S1 | 34.23 | -0.505 % | |
| S2 | 34.17 | -0.697 % | ||
| S3 | 34.06 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 34.57 | 0.480 % | ||
| Current price | 34.41 | |||
| Support | S1 | 30.11 | -12.48% | |
| S2 | 29.54 | -14.14% | ||
| S3 | 29.07 | -15.51% |
SHELL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 24, 2024 | 0.320€ | 0.93% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 25, 2024 | 0.318€ | 1.02% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | 0€ | 0% |
| 4 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | 0.331€ | 1.16% |
| 5 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.288€ | 1.03% |
FAQ
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