Is Major Move Coming For Royal Dutch Shell Plc After This Gap Up?

 Is Major Move Coming For Royal Dutch Shell Plc After This Gap Up?

The stock of Royal Dutch Shell Plc (LON:RDSA) gapped up by GBX 3.5 today and has GBX 3177.49 target or 53.00% above today’s GBX 2076.79 share price. The 7 months technical chart setup indicates low risk for the GBX 209.34 billion company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 3177.49 price target is reached, the company will be worth GBX 110.95 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 1.04% or GBX 21.29 on November 8, hitting GBX 2076.79. About 5.08 million shares traded hands. Royal Dutch Shell Plc (LON:RDSA) has risen 18.48% since April 12, 2016 and is uptrending. It has outperformed by 16.52% the S&P500.

Royal Dutch Shell Plc (LON:RDSA) Ratings Coverage

Out of 28 analysts covering Royal Dutch Shell (LON:RDSA), 21 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 75% are positive. Royal Dutch Shell has been the topic of 227 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, April 21 report. As per Thursday, July 30, the company rating was maintained by Raymond James. The firm has “Overweight” rating given on Tuesday, June 7 by Barclays Capital. The rating was maintained by Barclays Capital with “Overweight” on Friday, January 8. Bernstein maintained the stock with “Outperform” rating in Tuesday, August 25 report. The company was maintained on Thursday, July 2 by AlphaValue. Citigroup maintained it with “Neutral” rating and GBX 1975 target price in Wednesday, July 22 report. UBS maintained Royal Dutch Shell Plc (LON:RDSA) on Wednesday, September 7 with “Buy” rating. The firm has “Buy” rating by ABN Amro given on Monday, December 21. On Monday, August 3 the stock rating was maintained by Bernstein with “Outperform”.

More recent Royal Dutch Shell Plc (LON:RDSA) news were published by: Fool.com which released: “Can Royal Dutch Shell plc Regain Its Mojo?” on October 31, 2016. Also Seekingalpha.com published the news titled: “Royal Dutch Shell: The Comeback Is Here” on November 06, 2016. Investorplace.com‘s news article titled: “Royal Dutch Shell plc (RDS.A) Stock Is an Absolute Steal Right Now” with publication date: October 21, 2016 was also an interesting one.

Royal Dutch Shell plc is an independent gas and oil company, based in the United Kingdom. The company has a market cap of 209.34 billion GBP. It operates in three divisions: Upstream, Downstream and Corporate. It has a 10.39 P/E ratio. Upstream combines the operating divisions Upstream International and Upstream Americas, which are engaged in searching for and recovering natural gas and crude oil, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.

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