+5.98% for Schlumberger stock as price nears multi-month highs on strong buying

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Schlumberger jumps 5.98% to $49.42 today

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Ashutosh Sureka

23.03.2026

+5.98% for Schlumberger stock as price nears multi-month highs on strong buying — Schlumberger jumps 5.98% to $49.42 today

Schlumberger NV (SLB) is trading at $49.42, positioned above both the SMA-20 at $48.16 and SMA-50 at $48.61, and well above the long-term SMA-200 at $38.85. This setup highlights strong short-term bullish momentum and long-term support, with the Ichimoku Kijun level at $48.02 acting as immediate downside protection.

SLB price prediction

24H 0.02%

$57.75

48H 1.13%

$58.39

7D 1.4%

$58.55

1M 0.83%

$58.22

3M -0.05%

$57.71

6M 11.95%

$64.64

12M 72.13%

$99.39

Detailed

Current price: $ 57.74 0.8850 1.56%

Real-time Data 15:10

Daily range 56.60

57.94

Weekly range 53.97

57.26

Highlights

Schlumberger preannounced lower Q1 2026 revenue and guided an earnings impact of $0.06 to $0.09 per share, citing ongoing energy sector volatility.
The company’s reliance on hydrocarbons for over 80% of revenue limits the immediate impact of diversification efforts like digital and geothermal initiatives.
SLB trades near intraday highs with strong buyer pressure; the short-term expected range is $49.37–$50.45, but overbought signals warrant caution on momentum sustainability.

Institutional selling pressure as rare revenue warning undermines sentiment

Schlumberger has issued a negative preannouncement for Q1 2026, projecting lower revenue and an expected earnings impact of $0.06 to $0.09 per share. This rare revenue warning comes amid signs of institutional selling and continued volatility in the energy sector. The company remains heavily reliant on hydrocarbon services for more than 80% of its revenue, with diversification efforts such as recent digital and geothermal partnerships providing limited offset.

Overbought signals and volatility as intraday gains outpace neutral momentum

Momentum signals on the daily chart show mixed dynamics: the MACD and ADX lean bearish with weak positive trend strength, while the RSI is neutral at 45.71 and the Stoch RSI indicates slightly elevated but mostly neutral conditions. The BBP registers a strong overbought reading (1.44), reflecting dominant buyer pressure intraday, and the daily movement confirms this, with a robust $2.79 gain (up 5.98%) after a clear gap up at the open. SLB is currently positioned near today’s high ($49.81), showing high intraday volatility and strong buying tone from the start, though oscillators suggest risks of overbought conditions. Divergence between momentum and oscillator readings implies some caution, as the surge in price is not fully confirmed by underlying trend strength.

Range-bound consolidation likely as bullish weekly signals meet resistance

Looking ahead, the expected range for the next five trading days is $49.37 to $50.45. The probability of further price increases is high (more than 80%) given that all relevant weekly indicators — MA-50, RSI, ADX, and MACD — signal a bullish outlook, making the likelihood of a decline very low (less than 20%). Baseline scenario: SLB consolidates within $49.37 – $50.45 as buyers and sellers reach a short-term balance. Bullish scenario: a breakout above $50.45 triggers another leg higher, building on strong weekly trend signals. Bearish scenario: the price slips below the Ichimoku Kijun support at $48.02, inviting a corrective pullback toward the lower part of the volatility band relative to current levels.

Viktoras Karapetjanc, expert at Traders Union, sees Schlumberger’s fundamental profile as constructive despite the unusual Q1 2026 revenue warning. He notes strong technical momentum and resilient long-term support, with institutional actions and sector volatility creating short-term uncertainty. The balance between bullish weekly signals and overbought daily conditions points to a likely consolidation, but the overall setup remains favorable for buyers. Karapetjanc emphasizes the company’s sector leadership and sees limited downside as long as the $48.02 support level holds. "Momentum remains on the bulls’ side above key supports, so I expect SLB to consolidate or push higher in the near term."

Earlier, analysts noted that Schlumberger was under short- and medium-term selling pressure despite an overall constructive long-term technical outlook. The current environment adds a new dimension with strong short-term bullish momentum countered by a rare earnings warning, highlighting $48.02 as a key downside level for short-term traders to monitor for potential reversal risk.

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.