Schlumberger stock climbs 3.09% as bullish momentum intensifies after robust quarterly results

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Schlumberger gains 3.09% to $51.24

Highlights

SLB trades at $51.24, significantly above MA-20 ($44.34), MA-50 ($40.15), and MA-200 ($36.04), confirming strong bullish momentum across all timeframes.
Momentum indicators—MACD, ADX, and Awesome Oscillator—remain firmly bullish, while extreme overbought readings on RSI and Stochastic RSI suggest risk of near-term pullback.
For the next five trading days, SLB is expected to consolidate between $49.85 and $52.00, with a probability of price increase above 80%.

Earnings growth and dividend hike fuel positive investor sentiment

Schlumberger reported strong fourth-quarter results with revenues of $9.75 billion, representing growth both quarter-over-quarter and year-over-year, and net income rising to $824 million. The company also raised its quarterly cash dividend by 3.5% to $0.295 per share. These positive corporate developments supported sentiment for SLB.

Overbought risks build despite unyielding buy signals and session highs

Momentum indicators remain firmly bullish, with both MACD and ADX registering strong buy signals that reinforce the ongoing trend. However, overbought conditions are extreme across RSI, Stochastic RSI, and CCI on the D1 timeframe, and Bull/Bear Power indicates buyers retain intraday dominance. The Awesome Oscillator also supports the upward bias. Today’s price action shows a clear upward move, gaining $1.54 (3.09%) with no gap between the previous close ($49.70) and opening price ($50.18). The price is currently near the day’s high, daily volatility is low, and the tone suggests strength toward session highs. Despite the strong momentum, the persistent overbought readings highlight a rising risk of near-term pullback even as short-term trend signals remain robust.

Upside bias persists while consolidation and pullback risks emerge

For the next five trading days, the expected range is $49.85 to $52.00, normalized to reflect the current uptrend and typical volatility. The probability of an increase is very high (more than 80%), based on unanimous buy signals from RSI, ADX, MACD, and the W1 Moving Averages. In the baseline scenario, the price is expected to consolidate within the defined range. A bullish scenario could unfold if SLB pushes above $52, targeting fresh highs on renewed momentum, while a bearish break below $49.85 would signal the start of a pullback toward lower support if profit-taking accelerates into overbought territory.

Anton Kharitonov, analyst at Traders Union, sees SLB’s strong price action as technically impressive, with momentum above all key moving averages and broad buy signals. He notes that upbeat earnings and a dividend hike have fueled bullish sentiment, yet overbought conditions on daily charts are building risk. The analyst remains cautious, expecting a consolidation between $49.85 and $52.00 near term, with a possible pullback if support fails. "Despite the recent strength, I remain defensive here — unless SLB breaks above $52 with sustained volume, the likelihood of a short-term correction is elevated."

Previously it was reported that Schlumberger NV maintained a strong bullish trend, trading well above key moving averages, with momentum indicators such as MACD and ADX signaling continued buyer dominance, while the RSI and other oscillators flagged overbought conditions and the potential for a short-term pullback. Near-term price action is expected to consolidate between support at the Ichimoku Kijun and resistance around the $52 level, with upside favored unless the stock closes below dynamic support.

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.