Schlumberger stock price forecast: Eyes on $49.63 support as SLB retreats
Schlumberger NV (SLB) stock is trading at $51.33, marking a daily decline of 3.28%. The current price is positioned below its key moving averages, indicating notable short-term weakness.
52.82
56.84
Highlights
- SLB/USD remains under pronounced downward pressure with price trading below key short- and medium-term moving averages.
- Momentum indicators are deeply negative, confirming strong seller dominance and a bearish intraday trend.
- Price is expected to consolidate between $49.63 and $53.03 over the next four sessions, with a high probability of further downside.
Persistent negative momentum as resistance levels constrain recovery
SLB trades below the MA-20 ($54.34) and MA-50 ($55.35) on the hourly chart, confirming resistance at these levels. The price remains above the long-term MA-200 ($44.75). The Ichimoku Kijun resistance is at $54.30. Indicators reflect strong downside momentum: MACD and ADX show persistent sell signals, with the RSI at 20.11, Stoch RSI, and CCI all registering deep oversold readings. BBP highlights intraday seller dominance, while the Awesome Oscillator aligns with this negative momentum.
Low upside potential as volatility limits rebound prospects
Over the next four sessions, SLB is expected to remain volatile within a band of $49.63 to $53.03. The probability of an upward move is assessed as very low, with high odds of further downside. A break above $54.30 resistance would be required for a bullish scenario, whereas a decline below $49.63 support would confirm a bearish continuation.
Earlier, analysts noted that Schlumberger was exhibiting persistent bearish momentum with sellers maintaining control. The most recent technical signals reinforce this view, highlighting $49.63 as the critical support level to monitor for potential downside continuation in the coming sessions.
Latest Schlumberger News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
