Shell Stock Hits €38.75, Brent Crude Surpasses $100

Remarkable Upward Momentum for Shell PLC

Shell PLC's stock price is experiencing remarkable upward momentum, with a gain of 8.36% over the past seven days and more than 26% over three months. This movement has accelerated as the conflict in the Middle East enters its fourteenth day. The blockade of the Strait of Hormuz, a strategic corridor through which a significant portion of the world's crude supply passes, has caused Brent to jump to $100.50 this Friday morning. The American WTI had already climbed more than 9% the previous day, reaching $95.29.
This surge in crude prices acts as a powerful catalyst for oil majors. The disruption of global supply flows is reshuffling the cards: Washington is now considering turning to unusual sources, including Russian oil, to secure its imports. In this context of high tension on supply, the CAC 40 remains stable during the session at 7,984.33 points, while the FTSE 100 is down 0.34% in London. Shell had published its 2025 annual report the day before and will release on Monday, March 16, a strategic document dedicated to the market outlook for liquefied natural gas (LNG Outlook). The payment of the fourth-quarter 2025 dividend is also scheduled for March 30.

Technical Perspective: Breakthrough and Vigilance

From a technical standpoint, surpassing the previous peak of €38.565 confirms the strength of the trend, but several signals call for vigilance. The RSI, an indicator measuring the speed and magnitude of recent price changes, stands at 85—a level well above the generally associated overbought threshold of 70. This positioning reflects the intensity of the recent bullish movement but may also precede a phase of consolidation.
The price is now above the upper Bollinger band, set at €38.18, reinforcing the observation of a tense market. The 50-day moving average is at €33.07, which is more than 17% below the current price, indicating a significant deviation from the medium-term trend. The resistance threshold identified at €38.54 corresponded to the previous record, now surpassed. The next major support level is at €31.99, well below the current prices. Monthly volatility remains contained at 5.63, despite the magnitude of the movement observed.