SCHLUMBERGER LTD (SLB) Stock Technical Analysis
NYSE:SLB - New York Stock Exchange, Inc. - AN8068571086 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to SLB. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
88% of all other stocks performed better in the past year 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.
SLB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
SLB has an average volume of 16334500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SLB is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, SLB did better than 43% of them.
SLB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
31.62
39.41
When analyzing the support we can see 2 important areas.
- Support @32.86 from a horizontal line in the weekly time frame.
- A support zone ranging from 31.94 to 31.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 33.00 to 33.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 33.82 to 34.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @35.56 from a trend line in the daily time frame.
- A resistance zone ranging from 36.30 to 36.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 37.32 to 37.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.02 from a trend line in the weekly time frame.
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 is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLB is down. |
| ChartMill Relative Strength | 12.76 | NEGATIVE | SLB has a low relative strength, it was outperformed by 87.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.18 | NEUTRAL | The RSI value for SLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SLB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.75 | NEUTRAL | The Stochastics value for SLB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for SLB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.6 | NEGATIVE | The low ADX value for SLB suggests a weak or negative 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)
32.99
-0.23 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.69%
1 Week0.37%
2 Weeks-0.18%
1 Month-0.99%
3 Month-7.77%
6 Month-20.98%
12 Month-26.33%
2 Year-44.05%
3 Year-13.53%
5 Year73.54%
10 Year-57.36%
15 Year-38.14%
Volatility
ATR(14)0.94
ATR(20)%2.77%
ATR Inc-29.46%
Range Today0.42
ADR(20)0.86
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.76
Mansfield-2.29
10 Day High34.1
10 Day Low32.15
20 Day High36.19
20 Day Low32.15
52 Week High46.16
52 Week Low31.11
CS1 End32.86
CR1 Start33
Volume & EV
DER(3)2.08%
DER(5)0.58%
Volume10.42M
Volume Incr-40.39%
Vol(5)11.38M
Vol(50)16.33M