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SHEL shares closed down 2.7% in the last session, with the RSI declining to 30, approaching oversold territory. The MACD remains below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below both its 20-day and 50-day moving averages, further weakening the technical outlook. However, the RSI nearing oversold levels may suggest a potential short-term buying rebound. In the absence of news flow, market movement will largely depend on technical factors.