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- 9/4/2026 -
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Schlumberger Ltd. (SLB) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal lineTrend resistance at 59.02
Daily :
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It was a fifth consecutive positive week for the Schlumberger Ltd. (SLB). During the week, the SLB climbed 0.18 points, or 0.31%, and closed at 57.51 on Friday, September 4, 2026. SLB was trading at average weekly trading volume.

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 (59.02). 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 60.46 on August 31, 2026. SLB gained -29.35 points, or -94.34%, in 72 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 47.72 and resistance is at 65.08. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 August 31, 2026 at 60.46 and reached 56.24 on September 4, 2026. SLB lost 4.22 points, or 6.98%, in 4 days. The price is now at the 30.09% 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. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.31
Williams' Percentage Range (W%R) 35.30
Lane's Stochastic (%D-Slow) 71.70
Greed/Fear Indicator (GFI) 66.56
Moving Average Converg./Diverg. (MACD) 1.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.59
Williams' Percentage Range (W%R) 21.80
Lane's Stochastic (%D-Slow) 74.37
Greed/Fear Indicator (GFI) 68.13
Moving Average Converg./Diverg. (MACD) 1.53
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 65.08
Upper Bollinger Band 59.22
Yearly Trendline Resistance 59.02
Weekly Stochastic Crossing 57.74
Daily Stochastic Crossing 57.55
Price 57.51
Parabolic System 54.98
20 Day Moving Average 54.84
50 Day Moving Average 50.79
Lower Bollinger Band 50.53
Quarterly Trendline Support 47.72
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Equipment & Services 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 60.46
High Date 08/31/2026
Low 56.24
Low Date 09/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.30
Low Date 08/03/2026
High 60.46
High Date 08/31/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.59
Low Date 07/02/2026
High 60.46
High Date 08/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 65.08
Support 47.72
Low 31.11
Low Date 04/09/2025
High 60.46
High Date 08/31/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 59.02
Support 22.31
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.