Shell's Stock Hits (Again) a Record High Midday

Current Session Performance

During Monday's session, SHELL's stock has risen by +0.92% to €39.305, after closing at €38.95 on Friday. The seven-day increase amounts to 8.67%, and over three months, the stock has gained 27.57%. This movement is part of a series of successive records established since the end of February, with the stock having crossed its all-time high during the session today at €39.61. This market context is directly fueled by the international oil situation: Brent crude stands at 105.59 USD per barrel (+1.64%) this morning, while WTI has reached 100.00 USD (+0.65%). The ongoing deadlock over securing the Strait of Hormuz, a key passage for global crude transit, maintains a structural upward pressure on hydrocarbon prices, from which Shell, as an integrated major, directly benefits. In this context, the CAC 40 slightly declines by 0.08% during the session, highlighting the uniqueness of the stock's trajectory compared to the Parisian index.

Dividend Detachment and Market Indicators

March 16th also marks the detachment date of the fourth quarter 2025 dividend, amounting to €1.32, with payment scheduled for March 30th. This detachment occurs while the stock is significantly above its reference moving averages: the MM50 is at €33.22 and the MM200 at €31.89, representing gaps of respectively 18% and 23% compared to the current price. The MACD shows a positive component at 0.31, confirming the persistence of the bullish momentum. However, the RSI at 85 indicates a marked technical tension zone, signaling that the stock is operating in a significantly extended territory. Moreover, the publication today of a strategic LNG Outlook document by the group is an agenda item to watch for operators exposed to Shell's liquefied natural gas activity. The conjunction of a record crossing and a coupon detachment enhances the visibility of the day on the stock, without these two events contradicting each other in their fundamental and technical reading.