The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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Schlumberger Ltd. (SLB) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the price
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It was a second consecutive positive week for the Schlumberger Ltd. (SLB). During the week, the SLB gained 0.55 points, or 1.12%, and closed at 49.50 on Friday, October 16, 2026. It was the best weekly gain since August 28, 2026. Weekly volume was -37% below average.

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 Symmetric Triangle chart pattern. The downtrend resistance line (32.69) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See SLB medium-term trend chart]
A medium-term uptrend had started on July 2, 2026 at 44.59 and reached 60.46 on August 31, 2026. SLB gained -15.87 points, or -35.59%, in 8 weeks. The price is now at the 69.06% retracement 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 September 18, 2026. 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 47.17 on October 15, 2026. SLB lost 13.29 points, or 21.98%, in 45 days. The chart has formed a Falling Wedge chart pattern.

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.

A Parabolic SAR (stop and reversal) indicator (49.82) comes close to the price (49.50). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.56
Williams' Percentage Range (W%R) 69.50
Lane's Stochastic (%D-Slow) 41.50
Greed/Fear Indicator (GFI) 37.17
Moving Average Converg./Diverg. (MACD) -1.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.18
Williams' Percentage Range (W%R) 72.10
Lane's Stochastic (%D-Slow) 23.77
Greed/Fear Indicator (GFI) 34.57
Moving Average Converg./Diverg. (MACD) 1.27
Trading Signals
Description Value Chart
Upper Bollinger Band 52.76
50 Day Moving Average 52.66
Parabolic System 49.82
20 Day Moving Average 49.81
Weekly Stochastic Crossing 49.51
Price 49.50
Daily Stochastic Crossing 48.33
Lower Bollinger Band 47.35
Sector and Industry
Description Name Rank
Sector Energy 10
Industry Oil & Gas Equipment & Services 27
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 60.46
High Date 08/31/2026
Low 47.17
Low Date 10/15/2026
Weekly Trend
Monthly Trend
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
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.64
Low Date 10/13/2025
High 60.46
High Date 08/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.11
Low Date 04/09/2025
High 60.46
High Date 08/31/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 25.42
Support 32.69
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.