Shell PLC Shares Hit New All-Time High of 35 Euros at Close
On Friday, February 27, Shell PLC reached a new historical high, surpassing its previous record of 34.84 euros set the day before. The Anglo-Dutch oil and gas giant's stock closed at 35.00 euros, up 0.92% for the session. This increase is part of a sustained upward trend, with a gain of 3.78% over seven days and 10.57% over three months.
Shell PLC Surpasses Upper Bollinger Band
On Friday, Shell PLC's stock price exceeded the upper Bollinger band set at 34.74 euros, reaching 35.00 euros. This breakthrough indicates an upward extension beyond the normal fluctuation zone calculated over twenty days, reflecting a particularly strong short-term price dynamic. The stock is now significantly above its 50-day moving average (31.95 euros) and 200-day moving average (31.56 euros), confirming the strength of the upward trend across multiple time frames.
The Relative Strength Index (RSI) stands at 82, well above the threshold of 70 typically associated with an overbought zone. This high level reflects the intensity of the buying movement observed in recent weeks, with a one-year progression reaching 8.85%. The previous resistance of 34.68 euros, corresponding to the previous day's price, has been clearly surpassed, while the most significant technical support is at 30.91 euros, approximately 11.7% below the current level.
Key Dates Ahead for Shell PLC
Several key dates are approaching for Shell PLC in the coming weeks. March 6 marks the deadline for choosing the dividend payment currency, an event closely watched by shareholders of the group listed in London and Amsterdam. Six days later, on March 12, the company will publish its 2025 annual report and the associated regulatory form, which will provide a comprehensive view of the past year's operational and financial performance.
On March 16, Shell will release a strategic document focused on the global market outlook for liquefied natural gas (LNG), titled 'LNG Outlook'. This publication is particularly significant in a context where LNG remains a central axis of the group's growth strategy. The directions presented on this occasion could shed light on Shell's investment trajectory in this high-value-added segment. The monthly volatility of the stock remains contained at 6.86%, while the negative beta of -0.08 indicates a marked decorrelation from the reference index in the recent period.
