SHELL PLC

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SHELL
ISIN:	GB00BP6MXD84

SHELL PLC - Daily - Technical analysis published on 05/29/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

22%

50%

My opinion

Bullish above 26.311 EUR

My targets

27.970 EUR (+1.76%)

29.060 EUR (+5.73%)

My analysis

Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 26.311 EUR remains possible. It is advisable to trade SHELL PLC with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 26.311 EUR. The next bullish objective for buyers is set at 27.970 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.060 EUR. PS: if there is a bearish break in the support located at 26.311 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

3.4

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.

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Additional analysis

Quotes

The SHELL PLC price is 27.485 EUR. On the day, this instrument gained +0.40% and was traded between 27.455 EUR and 27.575 EUR over the period. The price is currently at +0.11% from its lowest and -0.33% from its highest.

27.455

27.575

27.485

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SHELL PLC:

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 this Daily chart of SHELL PLC indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	25.274	26.311	27.115	27.485	27.565	27.970	29.060
Change (%)	-8.04%	-4.27%	-1.35%	-	+0.29%	+1.76%	+5.73%
Change	-2.211	-1.174	-0.370	-	+0.080	+0.485	+1.575
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.763	26.932	27.153	27.322	27.543	27.712	27.933
Camarilla	27.268	27.304	27.339	27.375	27.411	27.447	27.482
Woodie	26.790	26.945	27.180	27.335	27.570	27.725	27.960
Fibonacci	26.932	27.081	27.173	27.322	27.471	27.563	27.712

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.810	26.435	26.905	27.530	28.000	28.625	29.095
Camarilla	27.074	27.174	27.275	27.375	27.475	27.576	27.676
Woodie	25.733	26.396	26.828	27.491	27.923	28.586	29.018
Fibonacci	26.435	26.853	27.112	27.530	27.948	28.207	28.625

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.672	26.213	27.008	27.549	28.344	28.885	29.680
Camarilla	27.436	27.558	27.681	27.803	27.926	28.048	28.170
Woodie	25.799	26.277	27.135	27.613	28.471	28.949	29.807
Fibonacci	26.213	26.723	27.039	27.549	28.059	28.375	28.885

Numerical data

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

Technical indicators

Moving averages

RSI (14):	50.15
MACD (12,26,9):	0.0860
Directional Movement:	0.331
AROON (14):	42.857
DEMA (21):	27.645
Parabolic SAR (0,02-0,02-0,2):	28.193
Elder Ray (13):	-0.043
Super Trend (3,10):	26.426
Zig ZAG (10):	27.475
VORTEX (21):	0.9670
Stochastique (14,3,5):	27.36
TEMA (21):	27.650
Williams %R (14):	-61.34
Chande Momentum Oscillator (20):	0.137
Repulse (5,40,3):	-0.7870
ROCnROLL:	-1
TRIX (15,9):	0.0670
Courbe Coppock:	2.99

MA7:	27.672
MA20:	27.420
MA50:	27.036
MA100:	27.201
MAexp7:	27.553
MAexp20:	27.516
MAexp50:	27.355
MAexp100:	27.122
Price / MA7:	-0.68%
Price / MA20:	+0.24%
Price / MA50:	+1.66%
Price / MA100:	+1.04%
Price / MAexp7:	-0.25%
Price / MAexp20:	-0.11%
Price / MAexp50:	+0.48%
Price / MAexp100:	+1.34%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

Don't forget to follow the news on SHELL PLC. At the time of publication of this analysis, the latest news was as follows:

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

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