Shell Stock Hits New Record High of 36 Euros on Euronext
On this Monday, Shell PLC marked an exceptional session on Euronext Amsterdam, with its stock reaching 36.00 euros, up by 2.86% from Friday. The price has thus surpassed the previous historical high of 35.135 euros, set on February 27th. This trend is part of a sustained bullish movement over the past several weeks.
Breaking Past Resistance
By reaching 36.00 euros, Shell PLC has broken past the former resistance level at 35.00 euros, a threshold that had capped rising attempts in recent weeks. This breakthrough is a significant technical signal, especially since the stock is now trading above all its moving averages: the MM50 at 32.04 euros, and the MM200 at 31.58 euros, both confirm a well-established upward trend. However, the RSI, an indicator measuring the speed and magnitude of recent price changes, shows a value of 81, placing the stock in an overbought zone. This level suggests that the recent rise has been rapid and the stock might be exposed to short-term profit-taking. Over the past seven days, the stock has increased by 6.92%, and over three months, it has gained 12.5%.
Key Upcoming Events for Shareholders
Several important dates are approaching for Shell shareholders. The upcoming March 6th is the deadline to choose the dividend payment currency, an event likely to keep the focus on the stock in the very short term. Additionally, the publication of the 2025 annual report and regulatory form is scheduled for March 12th, providing investors with a comprehensive overview of the company's results and financial situation. Following on March 16th, a strategic document titled 'LNG Outlook' will be released, focusing on the prospects of liquefied natural gas. This publication is particularly significant in a context where LNG remains a cornerstone of the Anglo-Dutch group's growth strategy. Over the past year, the stock has shown an increase of 11.96%, illustrating a steady course in a supportive energy environment.
