StockChartsAI.com
All Chart Prices Delayed at least 15 minutesBefore accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.
Stock Charts AI Power Rank: 9.2
Power Rank trend -> Rising
07/08/2024 11:29:00 EST
Shell PLC ADR (SHEL)
Industry: Oil & Gas Integrated
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SHEL has been trading in a range between $72.87 and $69.00 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
SHEL is trading below resistance at $74.17, about 2% to the upside. There is support at $71.06 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Shell PLC ADR $SHEL entered a Green zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $74.13, a potential upside of 1.2% from the recent price of 73.25. The stock is trading 0.94% (potential upside) below its 52 week high of $73.94 and 28.26 % (potential downside) above its 52 week low of $57.11 - based on the recent price.
Company Summary
Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.
News
| Shell (SHEL) Provides Q2 Guidance: Warns of Up to $2B Hit Per Shell (SHEL), second-quarter LNG liquefaction volumes are expected to go down around 7.7% sequentially, but marketing sales volumes are scheduled to improve. Source: Zacks Investment Research Mon, 08 Jul 2024 09:31:29 -0400 Sentiment: Neutral |
| Namibia Emerges as a New Frontier for Global Oil Giants Namibia's coastline hides a treasure trove of oil reserves. Chevron, ExxonMobil and Shell are eagerly poised to tap into this wealth, positioning themselves for strategic gains in Africa's new frontier. Source: Zacks Investment Research Fri, 05 Jul 2024 13:01:09 -0400 Sentiment: Positive |
| Transaction in Own Shares Transaction in Own Shares 5 July, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company') announces that on 5 July, 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchase Number of Shares purchased Highest price paid Lowest price paid Volume weighted average price paid per share Venue Currency 05/07/2024 440,146 £29.1050 £28.5450 £28.7837 LSE GBP 05/07/2024 136,860 £29.1050 £28.5450 £28.7444 Chi-X (CXE) GBP 05/07/2024 106,494 £29.0750 £28.5550 £28.8023 BATS (BXE) GBP 05/07/2024 299,491 €34.4050 €33.8550 €33.9439 XAMS EUR 05/07/2024 97,786 €34.3050 €33.8550 €33.9224 CBOE DXE EUR 05/07/2024 30,812 €34.0950 €33.8600 €33.9245 TQEX EUR These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 2 May 2024. Source: GlobeNewsWire Fri, 05 Jul 2024 12:02:00 -0400 Sentiment: Neutral |
| Hurricane Beryl Causes Oil Giants to Evacuate Gulf of Mexico Platforms Beryl made landfall on Mexico's Yucatán Peninsula on Friday. Shell, Chevron, and Exxon Mobil have evacuated personnel from projects in the Gulf. Source: Barrons Fri, 05 Jul 2024 11:46:00 -0400 Sentiment: Negative |
| Shell Takes $2 Billion Hit Amid Green Energy Setback. It Fears Competition From U.S. The company is concerned about a possible glut of biofuels made in America after the Inflation Reduction Act. Source: Barrons Fri, 05 Jul 2024 08:29:00 -0400 Sentiment: Negative |
Technicals 52 Week Hi: 73.94 52 Week Low: 57.1106 Beta: 0.549 50 Day MA: 71.513 200 Day MA: 67.2143 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.096 Qtr Revenue Growth YOY: -0.167 Forward PE: 9.2081 Trailing PE: 13.3663