SLB LTD (SLB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SLB - AN8068571086 - Common Stock
Taking everything into account, SLB scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SLB is only an average performer.
Besides having an excellent technical rating, SLB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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31.63
When analyzing the support we can see 4 important areas.
- A support zone ranging from 37.94 to 37.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.63 to 37.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.18 from a horizontal line in the daily time frame.
- Support @31.95 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @39.46 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 40.24 to 40.35. This zone is formed by a combination of multiple trend lines in the daily 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 | 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 | 53.27 | NEUTRAL | SLB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLB is below 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) | 52.18 | NEUTRAL | The RSI value for SLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SLB has a negative trend. |
| Stochastics (14,3) | 27.46 | NEUTRAL | The Stochastics value for SLB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for SLB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.57 | NEGATIVE | The low ADX value for SLB suggests a weak or negative 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 |
|---|---|---|---|
| 38.56 | 37.93 | 0.63 (1.64%) | 25.00% |
| An entry @38.56. This is a Buy Stop order right above the 10 day moving average. | An exit @37.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.63 points, which is 1.64%. | For a 0.41% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
37.97
-0.23 (-0.6%)
SLB LTD / SLB FAQ
What is the ChartMill technical rating of SLB LTD (SLB) stock?
ChartMill assigns a technical rating of 8 / 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 52.178. 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 -0.150514, 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.