Technical Analysis: Based on recent price action, Shell (SHEL) closed at $65.39 on January 25, showing a -1.91% decline. The stock has demonstrated strength over the past month with an 8.64% gain, outperforming both the Oils-Energy sector and S&P 500.
The Fibonacci levels indicate key support at $64.93 and resistance at $66.99, with a pivot point at $65.96. The RSI reading of 53.42 suggests neutral momentum, neither overbought nor oversold. The MACD shows a positive value of 0.73, indicating bullish momentum in the short term.
News Impact:
Price Prediction for Next Week (Jan 28 - Feb 1): Based on technical indicators and news sentiment:
Target price: $67.50
Recommendation: BUY
Rationale:
The stock shows potential for a 3.2% upside in the coming week, with downside risk limited to 1.7% if stop loss is maintained.
The price of SHEL is predicted to go up -0.66%, based on the high correlation periods with BNS. The similarity of these two price pattern on the periods is 97.69%.
SHEL
BNS
Year
SHEL Price Forecast($)
Potential Return(%)
2025
80.000
23.990
2026
75.000
16.240
2027
85.000
31.740
2028
85.000
31.740
2029
95.000
46.720
2030
90.000
39.000
Shell stands to benefit from the rise in global gas demand and likely strong prices over the next decade as LNG becomes integral to managing renewable intermittency.
Shell's new CEO has reigned in its transition strategy and refocused the company on capital discipline and returns, which should pay off for shareholders with greater cash returns.
Downstream returns should improve as Shell reduces its downstream footprint to fewer integrated refining and chemical facilities while reducing fuel production and increasing higher-value chemical volume.
Morgan Stanley
Price Target
$67 → $80
Upside
+21.04%
Scotiabank
Price Target
$90 → $80
Upside
+16.31%
Wells Fargo
Price Target
$84 → $88
Upside
+28.91%