Royal Dutch Shell (RDSB.L) 21-11-19
Will Royal Dutch Shell (RDSB.L) shares break below the 2230p support zone, or will it return to highs of 2609p (+16%)?
- Currently trading around the 2230p support at 2243.5p (at time of writing).
- The support has proven robust to date. Will the pattern repeat?
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Will the share price bounce once again to recent highs of 2609p? (+16%).
- Technical traders should be mindful of news and developments. Check our website and the press for updates.
- Shares -14% from 12-month highs; +1% from 12 month lows.
Latest News
07 Nov: HSBC reiterates its buy rating on Royal Dutch Shell (RDSB) and reduced the target price to 2480p (from 2500p).
07 Nov: Barclays Capital reiterates its equal weight rating on Royal Dutch Shell (RDSB) and reduced the target price to 2850p (from 3000p).
01 Nov: Societe Generale reiterates its buy rating on Royal Dutch Shell (RDSB) and reduced the target price to 2700p (from 2800p).
07 Oct: Goldman Sachs reiterates its buy rating on Royal Dutch Shell (RDSB) and reduced the target price to 3200p (from 3600p).
02 Oct: Barclays Capital reiterates its equal weight rating on Royal Dutch Shell (RDSB) and reduced the target price to 3000p (from 3100p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires