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Shell: a bounce within the decline — but flow stays in distribution

Shell is at week 7 of a sell signal: the week closed up 3.5% with buyers back in control, but weekly flow remains in distribution and the double bottom in the 3080 area is the key level to watch.

Shell: a bounce within the decline — but flow stays in distribution
Shell plc · 7th week of the sell signal
Shell: a bounce within the decline — but flow stays in distribution
June 05, 2026
Shell plc · 7th week of the sell signal
In Summary
Shell is at week 7 of a sell signal. The latest week closed up 3.5% with buyers back at 65% — a sharp reversal from the prior week, where sellers dominated at 79%. Flow remains in distribution, however, and the double bottom in the 3080 area is the key reference for gauging whether the decline still has legs.
Ongoing decline ·7th week from start ·EU-UK stocks ·T2 ★ See Gold version →
IQS Phase
50
ordinary
Signal Strength
20
indecisive week
Sizing
MINIMUM
Ranking
#43 / 54
EU-UK stocks
Trade P&L %
-0.99%
from signal to today
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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