+3.93% for Schlumberger stock — technical momentum remains hot despite overbought signals

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Schlumberger jumps 3.93% to $51.26 today

Highlights

SLB is trading at $51.26, well above its MA-20 ($43.20), MA-50 ($39.67), and MA-200 ($35.87), confirming a strong bullish trend across all timeframes.
Momentum remains robust with MACD and ADX showing buyer dominance, but extremely overbought conditions on RSI (79.86), Stochastic RSI (100), and CCI (119.07) warn of a potential near-term pullback.
Key technical levels are support at the Ichimoku Kijun ($43.53) and resistance near $52; a sustained move above $52 could accelerate upside momentum.

Dividend boost and contract wins drive shareholder returns and growth

Schlumberger reported fourth-quarter 2025 revenue of $9.75 billion and free cash flow of $2.29 billion, while also increasing its quarterly dividend by 3.5% to $0.295 per share. The company outlined plans to return over $4 billion to shareholders in 2026 through dividends and share repurchases, benefited from the ChampionX acquisition that contributed $1.5 billion to revenue, and secured new contracts including a five-year agreement with Saudi Aramco and a subsea boosting system contract from BP. Additional growth was supported by activities in data center solutions, new energy technology, and increased institutional investment as Douglas Lane & Associates opened a notable position at the end of December 2025.

Momentum strength counters overbought risks as oscillators flag caution

Momentum is robust as both the MACD and ADX indicate strong buyer dominance. However, overbought readings from the RSI (79.86), Stochastic RSI (100), and CCI (119.07) caution that the rally is overheating. Bull/Bear Power shows clear buyer control intraday, and the Awesome Oscillator supports the upward trend. SLB opened higher at $49.95 (a minor gap up from the previous close at $49.32) and is now trading near the high of today’s range ($49.95 – $50.50), reflecting moderate intraday volatility and continued strength toward session highs. The daily momentum aligns with the bullish technical backdrop, but the extreme oscillator readings introduce the risk of a near-term pullback.

Upside favored barring breakdown below Ichimoku Kijun support

For the next five days, the expected trading range is adjusted to $49.50 – $52.00 to reflect current price action and avoid excessive deviation. There is a very high probability (more than 80%) of further price increase, while the chance of a decline is much lower. The baseline scenario favors consolidation between support and resistance as the price digests recent gains. The bullish scenario unfolds if SLB breaks above $52, potentially accelerating upside momentum. A bearish scenario would only materialize if the price slips beneath support at the Ichimoku Kijun ($43.53), though this currently looks less likely given the prevailing strength.

Viktoras Karapetjanc, expert at Traders Union, notes that Schlumberger’s strong results and institutional inflows reinforce the bullish case. He sees robust sentiment and macro tailwinds from recent contract wins and the ChampionX acquisition. Technicals support this outlook, though momentum appears overheated in the very near term. Barring a break below the $43.53 support, the analyst expects any pullback to be limited. "Given the fundamentals, I see further upside likely as SLB continues to attract strong institutional and industry interest."

Previously it was reported that Schlumberger NV is exhibiting persistent bullish momentum, trading well above key moving averages with strong weekly technical buy signals, while momentum indicators such as MACD and ADX support a powerful uptrend. However, overbought oscillators and the proximity to resistance near the $49–$50 zone suggest a near-term risk of consolidation or mild pullback, with dynamic support identified at the Ichimoku Kijun.

Source of Data: SLB Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.