SLB LTD (SLB) Stock Technical Analysis
USA - NYSE:SLB - AN8068571086 - Common Stock
Taking everything into account, SLB scores 7 out of 10 in our technical rating. Although SLB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, SLB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.39, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.39
We found 3 important support areas.
- A support zone ranging from 36.30 to 36.39. 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 34.95 to 35.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.71 to 31.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.88 to 37.32. 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 | UP | POSITIVE | The long term trend for SLB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLB is up. |
| ChartMill Relative Strength | 36.25 | NEUTRAL | SLB is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SLB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.73 | NEUTRAL | The RSI value for SLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.87 | OVERBOUGHT | The high Stochastics value suggests SLB may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for SLB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.26 | NEUTRAL | The ADX value for SLB suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.33 | 36.29 | 1.04 (2.79%) | 25.00% |
| An entry @37.33. This is a Buy Stop order right above the resistance zone. | An exit @36.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.04 points, which is 2.79%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of SLB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
36.66
+0.3 (+0.83%)
SLB LTD / SLB FAQ
What is the ChartMill technical rating of SLB LTD (SLB) stock?
ChartMill assigns a technical rating of 7 / 10 to SLB.
What is the current trend direction of SLB LTD (SLB) stock?
The current trend direction for SLB LTD (SLB) is Bullish.
What is the RSI signal for SLB stock?
SLB LTD (SLB) has an RSI value of 59.7321. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SLB LTD?
The MACD indicator for SLB LTD (SLB) has a value of 0.158379, indicating a bearish trend.
Can you provide the buy/sell signal for SLB LTD?
The buy/sell signal for SLB LTD (SLB) is buy as both the short term and long term trends are positive.