-3.07% for Schlumberger stock as intraday momentum favors sellers

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Schlumberger drops 3.07% to $49.81

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Dmytro Kharkov

01.04.2026

-3.07% for Schlumberger stock as intraday momentum favors sellers — Schlumberger drops 3.07% to $49.81

Schlumberger NV (SLB) is trading at $49.81, posting a daily decline of 3.07%. The price remains above the SMA-20 ($48.31), marginally above the SMA-50 ($49.40), and notably higher than the SMA-200 ($39.45), indicating persistent bullish momentum for the medium and long term.

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 shows sustained bullish momentum over the medium and long term, trading above major moving average levels.
Despite longer-term strength, intraday action has turned bearish with sellers dominating after a downside gap open and moderate-to-high volatility.
SLB is expected to consolidate between $47.00 and $52.00 in the next five sessions, with a high probability of holding the range barring a breakout.

Intraday selling emerges as mixed technical signals clash with bulls

Momentum indicators on the daily chart present a mixed picture: MACD and ADX both suggest ongoing buying pressure, while RSI sits in mildly bullish territory (57.77). However, CCI and BBP flag overbought conditions and a recent swing from buyer to seller dominance intraday. Stoch RSI is near neutral but at elevated levels, further hinting at drained upside momentum, while the AO remains in line with bulls. Today’s session opened below the previous close ($50.77 vs. $51.39), marking a clear downside gap and reflecting a sharp drop of 3.07%. The current price is near the lower end of today’s range ($49.56 – $51.27), and volatility has been moderate to high. The tone following the open is pressured, with sellers taking control as the session unfolds, and intraday price action contradicts the generally bullish longer-term momentum signals.

Upside favored as bullish medium-term signals outweigh short-term risks

Over the next five trading days, the expected price range is $47.00 to $52.00. Based on the alignment of bullish signals across weekly RSI, ADX, MACD, and the medium-term MA-50, the probability of a price increase is high (more than 80%), making further downside less likely. In the baseline scenario, SLB is likely to consolidate within this $47.00 to $52.00 channel. A breakout above $52.00 could trigger a bullish phase targeting higher levels if bullish momentum persists, while a breakdown below $47.00 may lead to increased pressure and a deeper pullback, especially if bearish intraday tone extends.

Anton Kharitonov, expert at Traders Union, notes that SLB’s medium- and long-term technical signals remain bullish, with prices above key moving averages. However, he sees today’s intraday selling and overbought momentum indicators as warning signs of drained upside and growing short-term pressure. Kharitonov maintains a cautious stance and expects price to consolidate between $47.00 and $52.00 unless sellers extend control. "Base case remains a choppy range — until $47.00 is broken, I’m defensive and see little reason to chase upside here."

Earlier, analysts noted that Schlumberger maintained a broadly bullish technical structure despite emerging volatility and institutional selling pressures. The current action sharpens this outlook by highlighting a consolidation phase within the $47.00–$52.00 range, with traders advised to monitor for a decisive breakout or breakdown as momentum rebalances.

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.