Shell PLC

SHEL remains in a Stage 2 advancing regime with a bullish medium-term structure, but price is currently extended above rising short-term EMAs into overbought territory. We will stalk for a pullback into the rising 9/21 EMA zone to validate support before initiating a position, in line with a disciplined Free Cash Flow + Buybacks strategy.

• ↑Q1 2026 adjusted earnings of $7 B and $17 B+ operational cash flow signal robust performance.
• ↑Shell sees LNG demand rising 65% by 2050, backing its capacity investments.
• ↓Ongoing Middle East conflicts threaten operations in Oman and Qatar.