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Archive
- 10/9/2026 -
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Schlumberger Ltd. (SLB) Technical Analysis
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| Summary:
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| | It was a first positive week for the Schlumberger Ltd. (SLB). During the week, the SLB climbed 0.21 points, or 0.43%, and closed at 48.95 on Friday, October 9, 2026. Weekly volume was -26% below 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 21.71 and resistance is at 58.92. 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 60.46 on August 31, 2026. SLB gained -29.35 points, or -94.34%, in 72 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (48.83) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See SLB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 18, 2026. Use the following link to access a MACD help.
 Short-term trend: [See SLB short-term trend chart]
A short-term downtrend had started on August 31, 2026 at 60.46 and reached 47.65 on October 7, 2026. SLB lost 12.81 points, or 21.19%, in 37 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (49.01). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See SLB daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since September 9, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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