Schlumberger shares jump as stock buying pressure builds

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Schlumberger rises 3.11% today to $53.34

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Sholanke Dele

17.04.2026

Schlumberger shares jump as stock buying pressure builds — Schlumberger rises 3.11% today to $53.34

Schlumberger NV (SLB) is trading at $53.34, posting a 3.11% gain on the day and maintaining its position above the 20-day ($50.92), 50-day ($49.92), and 200-day ($40.36) simple moving averages. This alignment signifies a strong bullish structure across all major technical timeframes.

SLB price prediction

24H -0.12%

$57.75

48H 0.99%

$58.39

7D 1.26%

$58.55

1M 0.69%

$58.22

3M -0.19%

$57.71

6M 11.8%

$64.64

12M 71.9%

$99.39

Detailed

Current price: $ 57.82 0.9699 1.71%

Real-time Data 14:59

Daily range 56.60

57.94

Weekly range 53.97

57.26

Highlights

Schlumberger is set to announce Q1 2026 earnings before the market opens on Friday, April 24.
Anticipation for the upcoming earnings report may drive volatility and positioning ahead of Friday's release.
Technical trend remains bullish, with high probability for prices to consolidate in the $52.61–$53.63 range and momentum indicators broadly supporting further upside.

Earnings release timing intensifies pre-report positioning

Schlumberger is scheduled to release its Q1 2026 earnings report before the market opens on Friday, April 24.

Anton Kharitonov, expert at Traders Union, points to strong technicals yet remains guarded on underlying conviction. He stresses that SLB’s move above all major moving averages is impressive but warns the stock’s momentum indicators show clear overbought conditions. Kharitonov sees the current price structure as vulnerable to profit-taking, especially since Stochastic RSI flashes a short-term sell and volatility remains high. He highlights risk around the upcoming Q1 2026 earnings, which could be a pivot for sentiment. "Despite the bullish setup, traders should be wary of abrupt reversals and not overlook the possibility of a sharp correction after extended rallies," Kharitonov says.

Viktoras Karapetjanc, expert at Traders Union, sees continued optimism for Schlumberger coming into the Q1 2026 earnings release. He emphasizes that the bullish structure remains intact across all major timeframes with robust indicator alignment. Karapetjanc believes strong sentiment is supported by elevated buyer activity and positive macro drivers for energy services. Further growth is expected if the stock sustains above $53.63. "Market momentum and multi-timeframe signals point toward ongoing upside — I expect the forthcoming earnings to reinforce this positive trajectory," Karapetjanc states.

Momentum broadens as oscillators diverge at technical highs

Schlumberger is trading above all its key moving averages, with the price at $53.34 sitting above the 20-day ($50.92), 50-day ($49.92), and 200-day ($40.36) simple moving averages. This alignment supports a bullish structure across short-, medium-, and long-term horizons, while Ichimoku’s Kijun at $49.20 provides dynamic support by confirming upward momentum.

Momentum gauges are positive: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both signal strengthening upside bias on daily and weekly frames. The Relative Strength Index (RSI) at 55.79 indicates healthy momentum, not yet overbought, yet the Stochastic RSI shows a short-term sell signal below 35 and the Commodity Channel Index (CCI) is moderately positive. Bull/Bear Power (BBP) readings are firmly overbought at 1.60, underscoring the dominance of buyers in both intraday and longer-term sessions. The Awesome Oscillator also supports the prevailing uptrend. Today the stock gapped lower by roughly $1.02 at the open, yet rapidly gained 3.11% to $53.34 and is trading near session highs, with intraday volatility at 5.34%. Intraday tone reflects clear strength toward the upper end of today’s range, even as some oscillators flash short-term caution against the backdrop of persistent bullish momentum.

Earlier, analysts noted that Schlumberger maintained a broadly bullish technical structure supported by strong momentum. The latest readings not only reinforce this positive bias but also suggest that a decisive move above $53.63 could trigger fresh upside, with traders closely watching upcoming earnings as a potential catalyst.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.