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Archive
- 8/28/2026 -
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Schlumberger Ltd. (SLB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Schlumberger Ltd. (SLB). During the week, the SLB gained 3.46 points, or 6.42%, and closed at 57.33 on Friday, August 28, 2026. Weekly volume was -18% 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 price is near the trend resistance line (59.04). 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 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 58.82 on May 26, 2026. SLB gained -27.71 points, or -89.07%, in 58 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 47.49 and resistance is at 64.62. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 June 12, 2026. The distance between MACD and the signal line is low and getting smaller. 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 July 2, 2026 at 44.59 and reached 57.42 on August 28, 2026. SLB gained -12.83 points, or -28.77%, in 57 days. Price is near the trend high.
Daily Technical Indicators: [See SLB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 8, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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