Technical Analysis Of Shell Plc

By AAATrade of aaatrade.com
Friday, May 5, 2023 5:45 AM EDT

black android smartphone turned on screen

Image Source: Unsplash
 

Today’s instrument is the Shell Plc stock, which operates as an energy and petrochemical company, and it is traded on the London stock exchange under the ticker SHEL. 

Looking at the SHEL’s chart, we can see that it was lastly traded at around £23.53.

Yesterday it announced better-than-expected quarterly earnings which were reflected in yesterday’s opening price. Today, we could expect it to maintain the price above the support level, which is located at around £23.40, with the possibility to test the resistance level at around £24-24.30.

(Click on image to enlarge)

AAATrade's Intraday Technical Analysis of Shell Plc - 05/05/2023

More By This Author:

Daily Technical Analysis Of GBPUSD – Thursday, May 4
Technical Analysis Of Qualcomm Inc.
Daily Technical Analysis Of USDJPY - Wednesday, May 3

Disclaimer: Trading is risky. Information presented herein, is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments