The Greedy Trader Weekly Analysis
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- 1/23/2026 -
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Schlumberger Ltd. (SLB) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceThe period of high volatility of the stock price
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It was a fourth consecutive positive week for the Schlumberger Ltd. (SLB). During the week, the SLB gained 2.42 points, or 5.18%, and closed at 49.15 on Friday, January 23, 2026. Weekly volume was 71% above average.

SLB is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See SLB long-term trend chart]
A long-term downtrend had started on January 24, 2023 at 62.78 and reached 31.11 on April 9, 2025. SLB lost 31.67 points, or 50.45%, in 115 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 26.17 and resistance is at 59.66. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See SLB medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 31.11 and reached 51.67 on January 23, 2026. SLB gained -20.56 points, or -66.09%, in 41 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (30.80) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See SLB weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 27, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See SLB short-term trend chart]
A short-term uptrend had started on January 20, 2026 at 45.98 and reached 51.67 on January 23, 2026. SLB gained -5.69 points, or -12.37%, in 3 days. The price is now at the 44.29% retracement level.

Daily Technical Indicators: [See SLB daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since December 31, 2025. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 126.02% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.88
Overbought Bearish
Williams' Percentage Range (W%R) 11.80
Overbought
Lane's Stochastic (%D-Slow) 83.62
Overbought Bearish
Greed/Fear Indicator (GFI) 84.89
Overbought
Moving Average Converg./Diverg. (MACD) 2.28 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.71
Overbought
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 80.16
Overbought
Greed/Fear Indicator (GFI) 79.47
Moving Average Converg./Diverg. (MACD) 0.68
Trading Signals
Description Value Chart
Upper Bollinger Band 52.23
Daily Stochastic Crossing 50.68
Price 49.15
Weekly Stochastic Crossing 48.79
Parabolic System 46.62
Monthly Trendline Resistance 44.67
20 Day Moving Average 43.75
Monthly Trendline Support 40.72
50 Day Moving Average 39.91
Lower Bollinger Band 36.74
Sector and Industry
Description Name Rank
Sector Energy 11
Industry Oil & Gas Equipment & Services 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.98
Low Date 01/20/2026
High 51.67
High Date 01/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.49
Low Date 12/16/2025
High 51.67
High Date 01/23/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 44.67
Support 40.72
Low 31.64
Low Date 10/13/2025
High 51.67
High Date 01/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 35.68
Support 30.80
Low 31.11
Low Date 04/09/2025
High 51.67
High Date 01/23/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 59.66
Support 26.17
High 62.78
High Date 01/24/2023
Low 31.11
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.