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Archive
- 7/17/2026 -
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Schlumberger Ltd. (SLB) Technical Analysis
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| Summary:
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| | It was the negative week for the Schlumberger Ltd. (SLB). During the week, the SLB dropped -0.77 points, or -1.61%, and closed at 46.99 on Friday, July 17, 2026. Weekly volume was -46% 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 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 23.18 and resistance is at 59.16. 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 downtrend had started on May 26, 2026 at 58.82 and reached 44.59 on July 2, 2026. SLB lost 14.23 points, or 24.19%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 40.33 and resistance is at 55.22. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since June 12, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 uptrend had started on July 2, 2026 at 44.59 and reached 48.73 on July 13, 2026. SLB gained -4.14 points, or -9.28%, in 11 days. The price is now at the 42.03% retracement level.
 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 the Bollinger Bands is falling, and it was 7.24% on Friday. It is 51.30% lower than one year average. It indicates the period of low 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.
 Candlestick pattern: [See SLB candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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