Schlumberger stock price forecast: Sideways consolidation expected as SLB gains 3.25%

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Schlumberger rises 3.25% to $50.85 today

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Igor Krasulya

24.03.2026

Schlumberger stock price forecast: Sideways consolidation expected as SLB gains 3.25% — Schlumberger rises 3.25% to $50.85 today

Schlumberger NV (SLB) is trading at $50.85, up 3.25% on the day and well above its MA-20 ($48.06), MA-50 ($48.70), and MA-200 ($38.93), confirming a strong bullish structure across all primary timeframes. The price remains above the Ichimoku Kijun support level at $48.02.

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

SLB maintains a bullish price structure, trading above key support levels and near today's session high with strong upward momentum.
Momentum indicators are mixed, with several in overbought territory, signaling aggressive buying but also potential near-term consolidation.
Expected trading range for the week is $50.68 to $51.81, with an 80%+ probability of further advances barring a downside break.

Momentum signals diverge despite overbought buying pressure

ADX (22.16) and RSI (55.27) indicate supportive and strengthening momentum, while the MACD is in a Strong Sell position with a negative reading and diverges from the prevailing upward bias. Stoch RSI (100.00) and BBP (2.51) are both in overbought territory, reflecting aggressive buying pressure; CCI (27.90) and the Awesome Oscillator remain neutral. The stock opened below the previous close ($48.99 vs. $49.25), but surged to trade near today’s high, showing high intraday volatility and continued buying interest toward the top of today’s range.

Consolidation likely as upside bias sets weekly range

For the week ahead, a typical volatility band is expected between $50.68 and $51.81, with a bias to the upside based on supporting signals from RSI-W1, ADX-W1, MACD-W1, and MA-50-W1. The base scenario calls for sideways consolidation within this band. A bullish outcome could see a breakout above $51.81 and accelerated buying, while a bearish scenario would require a decisive drop below $50.68, which is not supported by current momentum.

Anton Kharitonov, expert at Traders Union, sees strong technical momentum in Schlumberger NV, but he remains cautious due to apparent indicator divergence. He notes overbought readings and high intraday volatility as potential warning signs. Kharitonov believes the base case is sideways consolidation and that upward breakouts face resistance near $51.81. "I am staying defensive until momentum and the MACD align in the same direction — patience remains key."

Earlier, analysts noted that Schlumberger’s bullish momentum was tempered by caution due to a recent earnings warning and mixed technical signals. With the current advance supported by robust price action and improving weekly indicators, traders should monitor the potential for a breakout above $51.81 as confirmation of sustained upside momentum.

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.