While this happened, Morgan Stanley upgraded its Shell Plc ADR [SHEL] rating to an Overweight from a an Equal-weight in a research note published on January 07, 2025; the price target was increased to $79.80 from $66.50. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. Exane BNP Paribas revised its rating on December 13, 2023. It rated SHEL as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of SHEL
On Tuesday, Shell Plc ADR [NYSE:SHEL] saw its stock jump 1.82% to $65.93. Over the last five days, the stock has gained 6.72%. Shell Plc ADR shares have risen nearly 5.24% since the year began. Nevertheless, the stocks have risen 0.30% over the past one year. While a 52-week high of $74.61 was reached on 01/07/25, a 52-week low of $60.15 was recorded on 01/02/25. SMA at 50 days reached $64.69, while 200 days put it at $69.12.
Levels Of Support And Resistance For SHEL Stock
The 24-hour chart illustrates a support level at 65.64, which if violated will result in even more drops to 65.35. On the upside, there is a resistance level at 66.25. A further resistance level may holdings at 66.57. The Relative Strength Index (RSI) on the 14-day chart is 65.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.63%. Stochastics %K at 93.01% indicates the stock is a selling.
How much short interest is there in Shell Plc ADR?
A steep rise in short interest was recorded in Shell Plc ADR stocks on 2024-12-13, dropping by -2.04 million shares to a total of 5.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 7.16 million shares. There was a decline of -39.84%, which implies that there is a negative sentiment for the stock.