The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 4/25/2025 -
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Schlumberger Ltd. (SLB) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SARDaily  MACD line has moved above its signal lineThe period of high volatility of the stock price
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It was the negative week for the Schlumberger Ltd. (SLB). During the week, the SLB dropped -0.59 points, or -1.68%, and closed at 34.52 on Friday, April 25, 2025. Weekly volume was 35% above average.

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 11.00% 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See SLB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 February 18, 2025 at 43.06 and reached 31.11 on April 9, 2025. SLB lost 11.95 points, or 27.75%, in 50 days. The price is now at the 28.54% retracement level.

Daily Technical Indicators: [See SLB daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

The distance between the Bollinger Bands is 163.60% 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) 49.17
Williams' Percentage Range (W%R) 72.10
Lane's Stochastic (%D-Slow) 63.92
Greed/Fear Indicator (GFI) 46.98
Moving Average Converg./Diverg. (MACD) -1.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.24
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 38.98
Greed/Fear Indicator (GFI) 35.11
Moving Average Converg./Diverg. (MACD) -1.26
Trading Signals
Description Value Chart
Upper Bollinger Band 42.62
50 Day Moving Average 39.08
20 Day Moving Average 35.96
Parabolic System 35.63
Weekly Stochastic Crossing 35.13
Daily Stochastic Crossing 34.87
Price 34.52
Lower Bollinger Band 29.29
Sector and Industry
Description Name Rank
Sector Energy 3
Industry Oil & Gas Equipment & Services 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.06
High Date 02/18/2025
Low 31.11
Low Date 04/09/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.66
High Date 01/21/2025
Low 31.11
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.69
High Date 03/28/2024
Low 31.11
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.12
High Date 09/12/2023
Low 31.11
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.