SLB LTD (SLB) Technical Analysis
NYSE:SLB • AN8068571086
Current stock price
SLB Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SLB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLB is showing a nice and steady performance.
- SLB is one of the lesser performing stocks in the Energy Equipment & Services industry. 68% of 62 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SLB is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by SLB over the past year are nicely spread over this period.
- SLB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SLB has a been trading in the 48.84 - 56.90 range, which is quite wide. It is currently trading near the high of this range.
- SLB has an average volume of 18185500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SLB Weekly and Daily overview Charts
SLB Setup Rating and Analysis
Although SLB has an excellent technical rating, the quality of the presented setup is not ideal 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
SLB Support and Resistance Analysis
47.39
We found 2 important support areas.
- A support zone ranging from 48.86 to 49.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.87 from a trend line in the daily time frame.
SLB Technical Indicator Signal Analysis
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 | 86.36 | POSITIVE | SLB has a high relative strength, it outperformed 86.36% 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) | UP | POSITIVE | The current price of SLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.36 | NEUTRAL | The RSI value for SLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests SLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.85 | OVERBOUGHT | The high Stochastics value suggests SLB may be overbought. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SLB suggests some volalility. |
| Average Directional Index/ADX (14) | 31.03 | POSITIVE | The high ADX value value for SLB suggests a strong trend. |
SLB Chart- and CandleStick Pattern Analysis
SLB Technicals: Chart, Performance Metrics, Trend & Indicators
55.23
-0.92 (-1.64%)
SLB LTD / SLB TA FAQ
What is the ChartMill technical rating of SLB LTD (SLB) stock?
ChartMill assigns a technical rating of 10 / 10 to SLB.
Can you provide the trend direction for SLB LTD?
The current trend direction for SLB LTD (SLB) is Bullish.
What is the RSI signal for SLB LTD (SLB) stock?
SLB LTD (SLB) has an RSI value of 64.3644. This indicates that the stock is currently neutral.
What is the MACD signal for SLB stock?
The MACD indicator for SLB LTD (SLB) has a value of 0.32309, indicating a bearish trend.
What are the support and resistance levels for SLB LTD (SLB) stock?
SLB LTD (SLB) has a support level at 49.43. Check the full technical report for our detailed analysis of SLB support and resistance levels.