SHEL Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: SHEL's earnings report surpassed expectations, and bullish sentiment is reflected in trading volume with an upward trend in implied volatility, suggesting sustained upward momentum.




Bearish Case: Rising geopolitical tensions may trigger a downturn, compounded by reduced demand expectations. High volatility indicates market unease and potential for significant price swings.




Potential Outcomes:

1. 30% chance SHEL moves to $70 by year-end due to strong earnings;

2. 25% chance SHEL stabilizes around $65;

3. 20% chance for a decline to $62 influenced by external risks;

4. 15% probability for rapid volatility spikes;

5. 10% chance for continued downturn below $60 due to demand concerns.




Trading Oracle: Sign Up to access trading oracle trade ideas.



November 14, 2024


Shell Plc - ADR (Representing) Forecast

SHEL        Shell Plc - ADR (Representing)











Correlated Assets

Assets that tend to move strongly with SHEL



FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.89)


TNDM Forecast + Options Trading Strategies   TNDM  Tandem Diabetes Care (0.77)


OUST Forecast + Options Trading Strategies   OUST  Ouster (0.74)


QID Forecast + Options Trading Strategies   QID  ProShares UltraShort QQQ (0.74)


TGB Forecast + Options Trading Strategies   TGB  Taseko Mines (0.74)



Uncorrelated Assets

Assets with little price relationship to SHEL



ROST Forecast + Options Trading Strategies   ROST  Ross Stores (-0.0)


JNPR Forecast + Options Trading Strategies   JNPR  Juniper Networks (0.0)


W Forecast + Options Trading Strategies   W  Wayfair (-0.01)


VRNS Forecast + Options Trading Strategies   VRNS  Varonis Systems (-0.01)


GNTX Forecast + Options Trading Strategies   GNTX  Gentex (0.01)



Anticorrelated Assets

Assets that tend to move strongly against SHEL



GIII Forecast + Options Trading Strategies   GIII  G-III Apparel (-0.69)


DBX Forecast + Options Trading Strategies   DBX  Dropbox (-0.71)


ACN Forecast + Options Trading Strategies   ACN  Accenture (-0.77)


COO Forecast + Options Trading Strategies   COO  Cooper Companies (-0.79)


GL Forecast + Options Trading Strategies   GL  Globe Life (-0.86)









Become a more profitable investor with AI optimized trading strategies






×

Chat with SHEL


 Ask any question about SHEL!