$SLBSLB looking to break out of this wedge after posting its largest volume day in atleast a year. Sheeeeeiddd
Key facts today
Schlumberger Has Been SlidingSchlumberger has been sliding for more than a year, and some traders may see further downside risk.
The first pattern on today’s chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below the line in late January and spent all of February b
SLB (former Schlumberger). Dig deep ...Schlumberger, the world’s largest oil and gas company, has been through two key phases in recent years. The sustained decline from 2018-2020 and growth in 21-23. Although the movement was partly correlated with oil prices, there were other factors.
Fall period:
1) Since 2016, the company has been a
SLB SL-$41,54 TP-$43,76Technical Analysis:
Accumulation
Daily 20-50 EMA Crossover
Daily MACD Crossover
The daily gap might act as a technical magnet
HI SCHLUMBERGER I love this company so much that I love it to go up...however the chart are looking pretty wacky
It's a bear market for this asset
Pull out or diversify your portfolio cause the next target is the $34 and $20 mark respectively
Hopefully the investors and economy turns it around swiftly
SLB SL- $41,43 TP-$42,73Technical Analysis:
Accumulation
Progressive increase in volume on the daily chart
Double crossover (MACD and EMAs) on the daily chart
Momentum
Schlumberger could break outNYSE:SLB has been making lower lows and lower highs for a while, so clearly in a bearish trend. However, with a recent grind and positive earnings report, future looks quite alright. I'm looking for a breakout above ~$45.50, if confirmed with volume i'll buy the breakout.
SLB Schlumberger Limited Options Ahead of EarningsIf you haven`t sold the Double Top on SLB:
Now analyzing the options chain and the chart patterns of SLB Schlumberger prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2025-6-20,
for a premium of approximately $3.17.
If these
SLB: Bullish Falling WedgeIf the new administration is going to push “Drill Baby Drill”, then a breakout could be in near future.
This is not advice to buy or sell. Exercise your own due diligence and feel free to share your comments.
SLB - Will Trump Presidency Turn This One Around?2024 has not been a good year for Oil stocks, SLB suffering more than others. But could the drill, baby, drill mantra from the incoming president change the fortunes of SLB and other drillers?
From a Fibonacci perspective, price has fallen 50% of the last impulse wave, sometimes considered an ap
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Displays a symbol's price movements over previous years to identify recurring trends.