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Downtrend Broken Resist.Archive
- 10/31/2025 -
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Schlumberger Ltd. (SLB) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the Schlumberger Ltd. (SLB). During the week, the SLB climbed 0.23 points, or 0.64%, and closed at 36.06 on Friday, October 31, 2025. 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 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 chart has formed a Falling Channel chart pattern. The downtrend resistance line (23.37) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. SLB may retest the broken resistance line. It is considered to be a support line now. 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 April 9, 2025 at 31.11 and reached 38.15 on July 11, 2025. SLB gained -7.04 points, or -22.63%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (32.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See SLB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 27, 2025. This is an indication that the medium-term trend is up. 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 29, 2025 at 37.05 and reached 31.64 on October 13, 2025. SLB lost 5.41 points, or 14.60%, in 45 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (29.97) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. SLB may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.
 Daily Technical Indicators: [See SLB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 20, 2025. The distance between MACD and the signal line is relatively high, but getting smaller.
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