SHEL.L chart analysis today

SHEL.L broke out of a bull flag 1 day ago on twice normal volume after the weekly uptrend broke. Below 3360.10 the break has failed.

Shell · daily · last close 3437.50 · read computed from candles through 2026-09-02. No AI, no signal, no target.

SHEL.L · Dailydaily
2463.582811.293159.003506.713854.42avg46017263230086310VolumeResistance 3453.69 · breaks resistanceSupport 2861.00 · 3 touchesPOLEBULL FLAGBroke out 3360.10Breaks below 3360.10Weekly resistance 3481.50Weekly support 3112.58

The two prices that decide it

Above
3453.69 · resistance
Below
3360.10 · the breakout
Formation state
Broke above 3360.10 1 day ago on twice normal volume. No retest yet.
Trend
a series of higher highs and higher lows over the window, 3 steps across 43 bars, still intact
Agreement
Structure 3 of 4 (high) · indicators 2 of 3 (high)

Levels and what happened there

  • Resistance 3453.69
  • Resistance 3590.75
  • Support 2861.00
  • The last eight times price reached 3453.69 it held 6 times, bouncing 5.7% on average, and broke through twice.
  • The last two times price reached 3590.75 it held every time, bouncing 15% on average.
  • The last three times price reached 2861.00 it held every time, bouncing 16% on average.
  • Bigger picture Weekly uptrend broken, daily rising. weekly — the uptrend broke, nearest resistance 3481.50, falling channel at 3473.00. Warning: the weekly uptrend broke 21 weeks ago, so the bigger chart is no longer backing a rise.
  • 52 weeks 8.5% below its 52-week high of 3758.50 and 35% above its 52-week low of 2553.77.

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This page is the daily read as of 2026-09-02, computed when the site was last built. On /analyze the same engine reads the live candles on five timeframes, or a screenshot from any charting app, and Coach Chad writes it up. 1 free read every 7 days, no account.

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Every figure on this page was computed from real candle data through 2026-09-02 by the same deterministic engine that reads a chart on /analyze; no language model was involved. It describes what is on the chart. It is not advice, a signal, a forecast or a recommendation. Learn to read it yourself in the chart-reading series.

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