SLB (SLB.PA) Stock Technical Analysis
EPA:SLB - Euronext Paris - Matif - AN8068571086 - Common Stock - Currency: EUR
Taking everything into account, SLB scores 0 out of 10 in our technical rating. SLB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SLB is a bad performer in the overall market: 88% of all stocks are doing better.
SLB is part of the Energy Equipment & Services industry. There are 36 other stocks in this industry, of which 65% are performing better than SLB.
SLB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: SLB has an average volume of 7318 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month SLB has a been trading in the 38.05 - 46.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SLB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 39.99, a Stop Loss order could be placed below this zone.
More info and screens
38.95
46.86
2 important support areas can be observed.
- A support zone ranging from 39.99 to 39.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 42.07 to 42.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.16 from a horizontal line in the daily time frame.
- Resistance @45.04 from a trend line in the daily time frame.
- A resistance zone ranging from 46.21 to 46.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SLB.PA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLB.PA is down. |
| ChartMill Relative Strength | 12.98 | NEGATIVE | SLB.PA has a low relative strength, it was outperformed by 87.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLB.PA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLB.PA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLB.PA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.39 | NEUTRAL | The RSI value for SLB.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SLB.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.13 | NEUTRAL | The Stochastics value for SLB.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for SLB.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.43 | POSITIVE | The high ADX value value for SLB.PA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
EPA:SLB (8/16/2024, 7:00:00 PM)
40.6
-0.1 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.25%
1 Week1.5%
2 Weeks-1.22%
1 Month-12.12%
3 Month-8.66%
6 Month-10.06%
12 Month-23.71%
2 Year6.01%
3 Year69.87%
5 Year36.7%
10 Year-51.29%
15 Year4.75%
Volatility
ATR(14)1.5
ATR(20)%3.52%
ATR Inc-2.92%
Range Today1.4
ADR(20)1.33
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.98
Mansfield-2.52
10 Day High41.3
10 Day Low38.05
20 Day High46.45
20 Day Low38.05
52 Week High58.1
52 Week Low38.05
CS1 End39.99
CR1 Start42.07
Volume & EV
DER(3)-1.15%
DER(5)-1.01%
Volume2.55K
Volume Incr-22.81%
Vol(5)7.73K
Vol(50)7.32K