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 - 1H - Technical analysis published on 05/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 32.797 EUR

My targets

31.444 EUR (-3.58%)

29.891 EUR (-8.34%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SHELL PLC as long as the price remains well below 32.797 EUR. The sellers' bearish objective is set at 31.444 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29.891 EUR. In case of crossing, the next objective would be the support located at 28.784 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SHELL PLC rating 32.610 EUR. On the day, this instrument lost -0.38% and was between 32.425 EUR and 32.655 EUR. This implies that the price is at +0.57% from its lowest and at -0.14% from its highest.

32.425

32.655

32.610

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SHELL PLC chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

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 : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.891	31.444	32.485	32.610	32.645	32.797	33.154
Change (%)	-8.34%	-3.58%	-0.38%	-	+0.11%	+0.57%	+1.67%
Change	-2.719	-1.166	-0.125	-	+0.035	+0.187	+0.544
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.193	32.342	32.538	32.687	32.883	33.032	33.228
Camarilla	32.640	32.672	32.703	32.735	32.767	32.798	32.830
Woodie	32.218	32.354	32.563	32.699	32.908	33.044	33.253
Fibonacci	32.342	32.474	32.555	32.687	32.819	32.900	33.032

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.002	31.896	32.398	33.292	33.794	34.688	35.190
Camarilla	32.516	32.644	32.772	32.900	33.028	33.156	33.284
Woodie	30.806	31.798	32.202	33.194	33.598	34.590	34.994
Fibonacci	31.896	32.429	32.759	33.292	33.825	34.155	34.688

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.034	29.508	31.461	32.935	34.888	36.362	38.315
Camarilla	32.472	32.786	33.100	33.414	33.728	34.042	34.356
Woodie	28.274	29.628	31.701	33.055	35.128	36.482	38.555
Fibonacci	29.508	30.817	31.626	32.935	34.244	35.053	36.362

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.96
MACD (12,26,9):	-0.0690
Directional Movement:	-13.864
AROON (14):	-21.429
DEMA (21):	32.580
Parabolic SAR (0,02-0,02-0,2):	32.803
Elder Ray (13):	-0.045
Super Trend (3,10):	32.900
Zig ZAG (10):	32.610
VORTEX (21):	0.9490
Stochastique (14,3,5):	34.15
TEMA (21):	32.595
Williams %R (14):	-53.66
Chande Momentum Oscillator (20):	-0.005
Repulse (5,40,3):	0.3280
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.28

MA7:	32.836
MA20:	33.318
MA50:	32.507
MA100:	30.614
MAexp7:	32.611
MAexp20:	32.676
MAexp50:	32.846
MAexp100:	33.064
Price / MA7:	-0.69%
Price / MA20:	-2.12%
Price / MA50:	+0.32%
Price / MA100:	+6.52%
Price / MAexp7:	+0.00%
Price / MAexp20:	-0.20%
Price / MAexp50:	-0.72%
Price / MAexp100:	-1.37%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

The latest news and videos published on SHELL PLC at the time of the analysis were as follows:

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

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