SCHLUMBERGER LTD (SLB) Stock Technical Analysis
NYSE:SLB - New York Stock Exchange, Inc. - AN8068571086 - Common Stock - Currency: USD
Taking everything into account, SLB scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SLB was also a bad performer in the overall market in the last year.
84% 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.
In the last month SLB has a been trading in the 32.83 - 36.44 range, which is quite wide. It is currently trading near the high of this range.
SLB has an average volume of 16683300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
SLB is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, SLB did better than 41% of them.
SLB has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
32.71
41.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.30 to 34.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.04 to 33.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 36.31 to 36.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.79 from a trend line in the weekly time frame.
- A resistance zone ranging from 40.82 to 41.11. 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 is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLB is up. |
| ChartMill Relative Strength | 16.06 | NEGATIVE | SLB has a low relative strength, it was outperformed by 83.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SLB is above 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) | 58.79 | NEUTRAL | The RSI value for SLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests SLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.44 | OVERBOUGHT | The high Stochastics value suggests SLB may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for SLB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.72 | 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)
35.91
-0.39 (-1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.07%
1 Week5.25%
2 Weeks7.71%
1 Month0.39%
3 Month-12.39%
6 Month-2.5%
12 Month-21.35%
2 Year-26.89%
3 Year0.42%
5 Year95.27%
10 Year-58.34%
15 Year-35.11%
Volatility
ATR(14)0.92
ATR(20)%2.42%
ATR Inc-4.06%
Range Today0.83
ADR(20)0.82
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.06
Mansfield-1.63
10 Day High36.44
10 Day Low32.83
20 Day High36.44
20 Day Low32.83
52 Week High50.94
52 Week Low31.11
CS1 End34.75
CR1 Start36.31
Volume & EV
DER(3)1.44%
DER(5)0.61%
Volume16.12M
Volume Incr14.53%
Vol(5)14.33M
Vol(50)16.68M