United

Resistance

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>In the weekly time frame, Shell PLC stock price added 102.00 GBX&nbsp; and surged around 7.46% in a month.&nbsp;</a> </li> 
 <li> <span>2</span> <a>When writing, SHEL stock was trading above 20, 50, 100 and 200 days EMAs.</a> </li> 
 <li> <span>3</span> <a>The reported exponential moving average was 11.88% less than the estimated figures.</a> </li> 
</ul> 
<p>On the last trading session of October 10, 2023, Shell PLC stock added 41.00 GBX to its trading price and added 102.00 GBX in the weekly time frame. In the monthly time frame SHEL stock rose 7.46%.</p> 
<h2 class="wp-block-heading" id="strong-shell-plc-shel-stock-price-analysis-strong"><strong>Shell PLC (SHEL) Stock Price Analysis&nbsp;</strong></h2> 
<p>The annual price target of Shell PLC stock is 3070.5 GBX and the target is 12.81% greater than its current trading price. When writing SHEL stock was above 20, 50, 100 and 200 days exponential moving averages (EMA).&nbsp;</p> 
<p>Shell PLC has a market capitalization of 179.651 Billion GBX. Data from companiesmarketcap(dot)com shows that company’s market cap surged by around 11.93% in 2023.</p> 
<p>The MACD and signal seem to be intersecting each other in bullish territory and the histogram is reflecting bulls’ accumulation. The RSI line is steadily approaching the overbought territory suggesting further bullishness is imminent.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" width="1024" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-418-1024x551.png" alt="RSI Steady Motion Might Turn Shell PLC (SHEL) Stock Overbought" class="wp-image-175820" style="aspect-ratio:1.8584392014519056;width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-418-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-418-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-418-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-418-750x403.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-418.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: SHEL stock price chart from <a href="https://www.tradingview.com/x/QQ5ScQE0/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>TradingView data shows that 6.459 Billion SHELL shares are free floating and remaining 174.665 Million shares are closely held. Shell PLC is among the leading oil production and natural gas company at global level.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-shell-plc-shel-financial-updates-strong"><strong>Shell PLC (SHEL) Financial Updates</strong></h3> 
<p>The company succeeded in meeting the analysts’ estimates as it reported 11.63% higher revenue than estimated. However the reported EPS was 11.88% less than the estimated figures.&nbsp;</p> 
<p>The estimated EPS for the third quarter is positive 0.75 GBX and revenue for the same is 67.16 Billion GBX. In the financial year 2022, the reported revenue of the company was 300.07 Billion GBX and its net income was 34.35 Billion GBX and profit margin was 11.45%.&nbsp;&nbsp;&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/09/30/shell-stock-price-forecast-will-shel-stock-surpass-2700-level/">Shell PLC </a>deals in the segment of chemical products, Integrated gas, renewable, energy and gas. The products of the company are circulated in Asia, Oceania, Africa, United States, Europe and the United Kingdom.&nbsp;</p> 
<p>In long term total liabilities of the company are 107.34 Billion GBX and assets are 230.35 Billion.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Level&nbsp;</strong></h4> 
<p>Support Level: 2640.0 GBX &amp; 2587.5 GBX&nbsp;&nbsp;</p> 
<p>Resistance Level: $2738.5 GBX &amp; 2800.0 GBX&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion: </strong></h4> 
<p>Over the past months, Shell PLC stock was surging steadily, having added 7.46% to its trading price in a month; and 16.55% in the past three months. The MACD and signal line are suggesting mild bearishness is expected in coming days. Market analysts believe that if RSI line could enter the overbought zone soon.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

RSI Steady Motion Might Turn Shell PLC (SHEL) Stock Overbought

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