Shell Plc American Depositary Shares (each Represents Two Ordinary Shares) | SHEL

Daily Technical Analysis of Shell Plc American Depositary Shares (each Represents Two Ordinary Shares)

Not too much action today, Shell drifted down slightly. We'll see where it goes next. It looks like SHEL may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line SHEL is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. SHEL hasn't had very clear momentum over the last 3 months in either direction. Which makes it a little harder to predict. But hasn't presented the buying pressure to make me feel certain it can punch through.

If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price reverses and heads back down lower, it looks like the nearest support level is $65.25 it may head back up from there or break lower.

Analyst Ratings for Shell By Price Target And Rating

The analysts are pretty neutral on Shell right now, so not much useful information here. The current Analysts Sentiment Score is 0.10. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Wells Fargo & Company boosted their price targ by 3.41% to $91.00 on 2024-05-03. TD Securities gave a boost to their price target and moved to $81.00 from $74.00 on 2024-05-03. BNP Paribas downgraded from Outperform to Neutral on 2023-12-13. Royal Bank of Canada announced a lowering of their price target to $27.00 from $28.00 on 2023-08-11. On 2023-06-21 Morgan Stanley upgraded Shell from Underweight to Equal Weight. Piper Sandler announced a lowering of their price target to $67.00 from $75.00 on 2023-06-13.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Shell

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Shell

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.