ROYAL DUTCH SHELLA

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Change:	-
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Type:	Stocks
Ticker:	RDSA
ISIN:	GB00B03MLX29

ROYAL DUTCH SHELLA - 1H - Technical analysis published on 09/22/2020 (GMT)

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Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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ROYAL DUTCH SHELLA Chart

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 11.889 EUR

My targets

10.940 EUR (-4.49%)

10.676 EUR (-6.79%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 11.889 EUR remains possible. It is advisable to trade ROYAL DUTCH SHELLA with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11.889 EUR. The next bearish objective for sellers is set at 10.940 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.676 EUR. PS: if there is a bullish break in the resistance located at 11.889 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

The ROYAL DUTCH SHELLA rating is 11.454 EUR. On the day, this instrument gained +3.30% with the lowest point at 11.070 EUR and the highest point at 11.588 EUR. The deviation from the price is +3.47% for the low point and -1.16% for the high point.

11.070

11.588

11.454

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ROYAL DUTCH SHELLA in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	10.676	10.940	11.454	12.093	12.547	12.912
Change (%)	-6.79%	-4.49%	-	+5.58%	+9.54%	+12.73%
Change	-0.778	-0.514	-	+0.639	+1.093	+1.458
Level	Major	Intermediate	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.479	10.709	10.899	11.129	11.319	11.549	11.739
Camarilla	10.973	11.011	11.050	11.088	11.127	11.165	11.204
Woodie	10.458	10.699	10.878	11.119	11.298	11.539	11.718
Fibonacci	10.709	10.870	10.969	11.129	11.290	11.389	11.549

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.537	10.975	11.213	11.651	11.889	12.327	12.565
Camarilla	11.264	11.326	11.388	11.450	11.512	11.574	11.636
Woodie	10.436	10.925	11.112	11.601	11.788	12.277	12.464
Fibonacci	10.975	11.234	11.393	11.651	11.910	12.069	12.327

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.320	11.346	11.913	12.938	13.505	14.530	15.098
Camarilla	12.042	12.188	12.334	12.480	12.626	12.772	12.918
Woodie	10.091	11.231	11.684	12.824	13.276	14.416	14.869
Fibonacci	11.346	11.954	12.330	12.938	13.546	13.922	14.530

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.66
MACD (12,26,9):	-0.0330
Directional Movement:	11.157
AROON (14):	85.714
DEMA (21):	11.253
Parabolic SAR (0,02-0,02-0,2):	11.235
Elder Ray (13):	0.100
Super Trend (3,10):	11.117
Zig ZAG (10):	11.452
VORTEX (21):	0.9720
Stochastique (14,3,5):	71.81
TEMA (21):	11.319
Williams %R (14):	-34.46
Chande Momentum Oscillator (20):	0.240
Repulse (5,40,3):	-0.4240
ROCnROLL:	-1
TRIX (15,9):	-0.1280
Courbe Coppock:	3.38

MA7:	11.595
MA20:	12.064
MA50:	12.878
MA100:	13.870
MAexp7:	11.349
MAexp20:	11.329
MAexp50:	11.495
MAexp100:	11.742
Price / MA7:	-1.22%
Price / MA20:	-5.06%
Price / MA50:	-11.06%
Price / MA100:	-17.42%
Price / MAexp7:	+0.93%
Price / MAexp20:	+1.10%
Price / MAexp50:	-0.36%
Price / MAexp100:	-2.45%

Quotes : 2020-09-22 15:19:21 - 15 min delayed data - Euronext Amsterdam

News

The last news published on ROYAL DUTCH SHELLA at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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