SHELL PLC-SPON ADR-B (RDS.B) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RDS.B - ADR
We assign a technical rating of 10 out of 10 to RDS.B. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RDS.B is showing a nice and steady performance.
Although RDS.B has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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39.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.05 to 50.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.75 from a trend line in the daily time frame.
- Support @39.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.07 to 51.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RDS.B is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDS.B is up. |
| ChartMill Relative Strength | 94.88 | POSITIVE | RDS.B has a high relative strength, it outperformed 94.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDS.B is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDS.B is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RDS.B is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.04 | NEUTRAL | The RSI value for RDS.B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests RDS.B has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.18 | OVERBOUGHT | The high Stochastics value suggests RDS.B may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for RDS.B suggests some volalility. |
51.06
-0.03 (-0.06%)
SHELL PLC-SPON ADR-B / RDS.B FAQ
What is the ChartMill technical rating of SHELL PLC-SPON ADR-B (RDS.B) stock?
ChartMill assigns a technical rating of 10 / 10 to RDS.B.
What is the current trend direction of SHELL PLC-SPON ADR-B (RDS.B) stock?
The current trend direction for SHELL PLC-SPON ADR-B (RDS.B) is Bullish.
Can you provide the RSI signal for SHELL PLC-SPON ADR-B?
SHELL PLC-SPON ADR-B (RDS.B) has an RSI value of 68.0393. This indicates that the stock is currently neutral.
What is the short term momentum for RDS.B stock?
The short term momentum for SHELL PLC-SPON ADR-B (RDS.B) is positive.
What are the support and resistance levels for SHELL PLC-SPON ADR-B (RDS.B) stock?
SHELL PLC-SPON ADR-B (RDS.B) has a support level at 50.1 and a resistance level at 51.07. Check the full technical report for our detailed analysis of RDS.B support and resistance levels.