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Archive
- 5/23/2025 -
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Schlumberger Ltd. (SLB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Schlumberger Ltd. (SLB). During the week, the SLB dropped -2.11 points, or -5.90%, and closed at 33.66 on Friday, May 23, 2025. Weekly volume was -13% below average.
SLB is a member of Energy Sector. Energy is the second most oversold 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 September 12, 2023 at 62.12 and reached 31.11 on April 9, 2025. SLB lost 31.01 points, or 49.92%, in 82 weeks. The price is now at the 8.22% retracement level.
 Medium-term trend: [See SLB medium-term trend chart]
A medium-term downtrend had started on January 21, 2025 at 44.66 and reached 31.11 on April 9, 2025. SLB lost 13.55 points, or 30.34%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 25.42 and resistance is at 37.42. 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 medium-term trend.
 Weekly Technical Indicators: [See SLB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. 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 April 9, 2025 at 31.11 and reached 36.87 on May 12, 2025. SLB gained -5.76 points, or -18.51%, in 33 days. The chart has formed a Rising Channel chart pattern.
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.
The daily MACD line is above its signal line since April 23, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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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