“`html
Shell Stock Forecast: Analyst Predicts Potential Gains Amid Market Volatility
Table of Contents
Amid ongoing geopolitical instability, the price of oil and Shell’s stock value have seen increases. But is there more room for growth? Nico Bakker, a technical analyst at BNP Paribas, offers his outlook.
Brent Crude Oil Price Analysis
Bakker notes that Brent crude oil prices are fluctuating “between a support level of around $52 and a resistance level of $78 to $82.” The critical question is whether oil can break out of this range.
Did You Know? The Energy Data Management (EIA) projects that global oil demand will continue to rise through 2025, driven by economic growth in developing nations [1].
According to Bakker, if oil prices successfully breach the upper limit of this trading range this month, there’s potential for them to climb to $100 a barrel. However, if this breakout doesn’t occur, investors should anticipate prices remaining within the established range. “In other words, it’s make or break,” he stated.
Shell Stock Technical Analysis
The technical analysis of Shell’s stock mirrors that of Brent crude oil, “but with slightly more trend-following behavior,” according to Bakker. Resistance levels for Shell are between €33 and €34,and “the underlying tone is positive.” The analyst suggests that any dips toward €28 present new buying opportunities.
“So, for Shell investors, stay put and ride it out,” Bakker advises.
Key Metrics for Shell Stock
| Metric | Value | Source |
|---|---|---|
| Resistance Level | €33 – €34 | BNP Paribas analysis |
| Potential Buying Dip | €28 | BNP Paribas Analysis |
| Brent Crude Oil Target | $100 (if breakout occurs) | BNP Paribas analysis |
Additional Market Factors
Deutsche Bank analysts suggest oil prices could potentially reach $120 per barrel,as reported on June 14,2025,adding another layer of potential upside for Shell [2].
Pro Tip: Keep an eye on geopolitical events and production decisions by OPEC+ nations, as these can significantly impact oil prices and, consequently, Shell’s stock performance.
What are your thoughts on the future of oil prices and their impact on Shell? How are you positioning your portfolio to navigate these market conditions?
Shell: An evergreen Perspective
Shell PLC, a British multinational oil and gas company headquartered in London, has a primary listing on the London Stock Exchange [3]. The company’s performance is closely tied to global energy demand, geopolitical stability, and its strategic investments in renewable energy sources. Understanding these factors provides a long-term view of Shell’s potential.
