Open buy · record touched, close below it
Shell slips 0.4%: a new all-time high in the 3680 area, but the close fails to confirm it
Our view last week
After last week's rejection from its all-time high, Shell found its buyers again: the week closed up 2%, and daily price action shows a 3% rebound off the 20-day moving average, in the 3520 area. Shell stock is back within 1.5% of the record, with the ADX rising for 10 weeks. The technical analysis carries one shadow: money flow is still positive, but has been slowing for 2 weeks. It remains one of our weekly buy signals, up 11.6% since entry.
This week's summary
A new all-time high in the 3680 area, without a confirming close: Shell's week ends down 0.4%, back below the old record. 7 days ago Shell stock was closing in on the peak; now it has touched it and handed it back. Price action still holds the rebound off the 20-day moving average and the ADX has been rising for 11 weeks, while money flow, still positive, has been slowing for 3. It stays one of our weekly buy signals, up 11.1%: for swing trading, the 3550 area is the level to hold.
IQS Phase
60
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#15 / 29
EU-UK stocks in progress
Trade P&L %
+11.14%
from signal to date, no stop loss
Shell (SHEL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 15th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 44 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH1
Sector regimein positive regime
Performanceweekly -1.00% · monthly +1.11%
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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