SLB LTD (SLB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SLB - AN8068571086 - Common Stock
Overall SLB gets a technical rating of 2 out of 10. 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.
Although the technical rating is bad, SLB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 36.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.29, a Stop Loss order could be placed below this zone.
More info and screens
31.39
When analyzing the support we can see 2 important areas.
- A support zone ranging from 35.20 to 36.29. 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 36.95 to 37.62. 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 | NEUTRAL | NEUTRAL | The long term trend for SLB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLB is neutral. |
| ChartMill Relative Strength | 33.06 | NEUTRAL | SLB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SLB is above a declining 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) | 53.46 | NEUTRAL | The RSI value for SLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SLB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.14 | NEUTRAL | The Stochastics value for SLB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for SLB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.79 | NEGATIVE | The low ADX value for SLB suggests a weak or negative trend. |
36.36
-0.24 (-0.66%)
SLB LTD / SLB FAQ
What is the ChartMill technical rating of SLB LTD (SLB) stock?
ChartMill assigns a technical rating of 2 / 10 to SLB.
What is the current trend direction of SLB LTD (SLB) stock?
The current trend direction for SLB LTD (SLB) is Bearish.
What is the RSI signal for SLB stock?
SLB LTD (SLB) has an RSI value of 53.4595. 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 -0.0476879, indicating a bearish trend.