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Home / Support and Resistance / Royal Dutch Shell (RDSB.L) 28-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Royal Dutch Shell (RDSB.L) 28-01-20

Will Royal Dutch Shell (RDSB.L) fall beyond the 2145p support level, or will we see a retest of 2622p? (+21%)

 

  • The stock is near support at 2145p, now trading at 2154p (at time of writing).
  • Whilst the past does not always repeat itself, the support level has held up well.
  • From here, will buying pressure return to drive the price back to 2622p? (+21%).
  • As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
  • Shares -17% from 12-month highs; +1% from 12 month lows.

Latest News

27 Jan:  Kepler Cheuvreux reiterates its buy rating on Royal Dutch Shell (RDSB) and reduced the target price to 2529.22p (from 2764.08p).

14 Jan:  Berenberg has upgraded its rating on Royal Dutch Shell (RDSB) to buy (from hold) and increased the target price to 2800p (from 2750p).

06 Jan:  Goldman Sachs reiterates its buy rating on Royal Dutch Shell (RDSB) and reduced the target price to 3100p (from 3200p).

06 Dec:  JP Morgan Cazenove reiterates its overweight rating on Royal Dutch Shell (RDSB) and reduced the target price to 2850p (from 2900p).

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).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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