SLB LTD (SLB) Stock Technical Analysis
NYSE:SLB • AN8068571086
Taking everything into account, SLB scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SLB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 47.30 - 52.40 range, which is quite wide. It is currently trading near the high of this range.
- SLB has an average volume of 18490800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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. However, this relatively good performance is mostly due to a recent big move.
- SLB is an average performer in the Energy Equipment & Services industry, it outperforms 51% of 61 stocks in the same industry.
SLB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 51.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.11, a Stop Loss order could be placed below this zone.
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36.94
4 important support areas can be observed.
- A support zone ranging from 50.38 to 51.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.04 from a horizontal line in the daily time frame.
- Support @42.97 from a trend line in the daily time frame.
- Support @37.31 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.50 to 51.86. 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 | 86.13 | POSITIVE | SLB has a high relative strength, it outperformed 86.13% 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) | 61.48 | NEUTRAL | The RSI value for SLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SLB has a negative trend. |
| Stochastics (14,3) | 80.06 | OVERBOUGHT | The high Stochastics value suggests SLB may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for SLB suggests some volalility. |
| Average Directional Index/ADX (14) | 31.58 | POSITIVE | The high ADX value value for SLB suggests a strong 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 |
|---|---|---|---|
| 51.87 | 50.37 | 1.50 (2.89%) | 25.00% |
| An entry @51.87. This is a Buy Stop order right above the resistance zone. | An exit @50.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.50 points, which is 2.89%. | For a 0.72% 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.
51.49
-0.17 (-0.33%)
SLB LTD / SLB FAQ
What is the ChartMill technical rating of SLB LTD (SLB) stock?
ChartMill assigns a technical rating of 9 / 10 to SLB.
What is the trend direction for 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 61.4781. This indicates that the stock is currently neutral.
What is the MACD signal for SLB LTD (SLB) stock?
The MACD indicator for SLB LTD (SLB) has a value of -0.220236, indicating a bearish trend.
What is the buy/sell signal for SLB stock?
The buy/sell signal for SLB LTD (SLB) is buy as both the short term and long term trends are positive.