What the Options Market Tells Us About Shell
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a bullish trend in Shell's (NYSE:SHEL) options market, with a majority of trades indicating optimism about the stock's future price. Analysis of 13 unusual trades shows a split sentiment, but with a lean towards bullishness. The options market predicts Shell's price to range between $67.5 and $82.5 in the next three months. Current trading volume and open interest trends support this outlook. Shell's stock is slightly up, with an RSI suggesting it may be overbought. Analysts from Piper Sandler and Scotiabank have set price targets at $76 and $95, respectively, indicating a positive outlook.
April 12, 2024 | 6:47 pm
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Shell's options market shows a bullish trend with a predicted price range of $67.5 to $82.5. Analysts from Piper Sandler and Scotiabank have set optimistic price targets of $76 and $95, respectively.
The bullish sentiment in the options market, combined with optimistic analyst ratings and a slight increase in stock price, suggests a positive short-term impact on Shell's stock. The detailed analysis of options trades and the anticipation of earnings release further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100