The European energy stock extends its run of higher lows, with IQS in tension and the technical picture still favoring the bulls
Shell +2.4%: the buy signal holds, but buyers start easing off
The European energy stock extends its run of higher lows, with IQS in tension and the technical picture still favoring the bulls
Our view last week
Clearing its 7-day high and stringing together a fourth week of higher lows from 2860 toward 3110: that's how the week closes, up 2.1%, in the confirmation week of the buy signal that fired on Shell seven days ago. The stock is holding the signal, but our model spots early weakness beneath the surface — a distribution phase underway and an unconvincing last candle — and this weekly technical analysis recommends a cautious trim to lock in part of the gain.
This week's summary
Shell closes the second week of its buy signal with another 2.4% gain, a third straight sequence of higher lows in the 3020-3230 area. The picture stays bullish, with MACD in a positive cross and every structural moving average aligned. Under the surface, though, last week's caution flags remain: candle-body conviction is fading and buyer dominance is easing, even though buyers still control the volume (74%). Quarterly earnings, released a few days ago, are behind it.
IQS Phase
74
in tension
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#31 / 61
EU-UK stocks in progress
Trade P&L %
+4.56%
from signal to date, no stop loss
Rank position
ranks 31st among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH1
Sector regimein positive regime
Performanceweekly +0.11% · monthly +10.65%
SHEL belongs to the european sector (reference ETF EXH1). The sector is classified in positive regime according to our weekly reading.
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