Shell Q4 Earnings Preview: Stock Faces Bearish Signals Ahead Of Results

Zinger Key Points

Shell stock shows a bearish trend, but analysts see 22% upside with a price target of $79.27.
Q4 earnings report could either confirm the downtrend or trigger a reversal if key levels are breached.
Get Pro-Level Earnings Insights Before the Market Moves

Shell PLC SHEL will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.44 in EPS and $49.23 billion in revenues as the company reports before market hours.

The stock is up 2.07% over the past year, 2.57% YTD.

Let’s look at what the charts indicate for Shell and how the stock currently maps against Wall Street estimates.

Shell Stock Technical Setup Ahead Of Q4 Earnings

Shell stock is currently showing a strongly bearish trend, as its share price of $64.68 is trading below the key five, 20 and 50-day exponential moving averages, signaling ongoing selling pressure.

Chart created using Benzinga Pro

The eight-day simple moving average of $65.74 and the 20-day SMA of $65.10 both indicate a bearish signal, while the 50-day SMA of $64.32 offers a slight technical bullish signal.

However, the stock’s price is still below the 200-day SMA of $68.84, which suggests a bearish outlook in the longer term.

The Moving Average Convergence Divergence (MACD) indicator at 0.4 indicates some positive momentum, while the Relative Strength Index (RSI) at 48.59 shows that the stock is nearing oversold territory but has not yet reached it.

Investors should be cautious, as the stock could see more downside in the near term, though any recovery above key moving averages could trigger a shift toward a bullish trend.

Shell Analysts See Over 22% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Shell stock stands at Overweight with a price target of $78.26. Recent analyst ratings from Wells Fargo, Morgan Stanley and Piper Sandler suggest a 22.53% upside for Shell stock, with an average price target of $79.27.

SHEL Price Action: Shell stock was trading flat at $64.54 at the time of publication Wednesday.

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