Shell, a fresh Buy on this week's breakout
Shell surges 6.5% as a new Buy signal fires on the breakout
Shell, a fresh Buy on this week's breakout
Our view last week
Shell shares closed the week up 5.1%, with buyers suddenly back in control: 78% of volume was on the buy side, against just 42% the week before. The Sell signal is in its 13th week and downside momentum is slowing sharply, with the price working back up toward its 7-day high. The leftover part of the position has slipped to +4.9% since entry, down from +9.5% last week: a shift in pace worth watching in the next technical analysis.
This week's summary
Shell stock triggers a new Buy signal in a breakout week: technical analysis shows the price up 6.5%, clearing its 7-day high and bouncing 4% off its own 50-day moving average. Just a week ago the 13-week Sell signal was losing steam, with buyers suddenly back in control; that shift has now turned into a fresh long entry. Setup quality stays ordinary, 52 out of 100, and in this weekly technical analysis Shell ranks 4th among the 6 fresh European Longs.
IQS Phase
52
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#4 / 6
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content