Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>SLB stock price declined 0.58% in the last trading session and is currently trading at $56.46.</a> </li> 
 <li> <span>2</span> <a>Schlumberger N.V. price (NYSE: SLB) made a breakdown of the channel pattern and consolidated above the recent support of $55.&nbsp;</a> </li> 
</ul> 
<p>SLB stock price has been on a rising trend, gaining 27.57% in the last three months. The stock price broke above the upper trendline resistance and made a bullish rally before the earnings report.</p> 
<p>The stock price paused its uptrend and consolidated to wait for the quarterly results. The earnings of the results exceeded the analysts’ and investors’ expectations and the price resumed its ongoing trend.</p> 
<p>Recently, the stock made a breakdown of the channel pattern, and currently, consolidation near the recent support to gain buyers’ trust again. The price is in a strong uptrend trading above the key moving averages 50 and 200 EMA. Also, the price seems to respect an upper trendline resistance suffering multiple rejections from it.&nbsp;</p> 
<p>Schlumberger N.V. (NYSE: SLB) is a top oilfield services provider, helping oil and gas explorers and producers worldwide. It offers services to find, drill, and evaluate hydrocarbon wells through oilfield contracts.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/iSXGAJwffx3a5WRFEoNLs_iq-rJksFio3uSEDTdGDK6_1nFIFZIjuW_DZGBiav_6F5A70YLXnxfr080DBtKDrTTDmxwFJ-VcSpFo1elWbIfB8lNPdbjysi4lhBxSoyodBDzPv5QnAMtRqgU9OUsndR4" alt="SLB Stock Price Prediction: Can SLB Stock Sink Below $50 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/08/16/slb-stock-price-analysis-can-schlumberger-create-waves-in-2023/" rel="noopener noreferrer nofollow">SLB stock option-chain analysis </a>states that the current implied volatility in the market is 29.79% with a decrement of 1.04% in the last trading session. The at-the-money strike price has 1,414 open contracts on the put side and 338 open contracts on the call side indicating the dominance of sellers at the current level. The PUT/CALL ratio is 1.03 indicating that put writers dominate the market as per the data.</p> 
<h2 class="wp-block-heading" id="strong-slb-stock-price-respecting-a-trendline-resistance-on-the-daily-chart-strong"><strong>SLB Stock Price Respecting A Trendline Resistance On The Daily Chart</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/7vmyFK_ms7j3zh9UfkHh3CM5wmPqAi8cc4bH0ERLpbXIHB67kdp_3DcespIhGJopmTarqwQcXKgq4VF8itx4YiJSahs9vJCzv_KStdgsO7P4Dy8wAr7cbeL0U3b8aNjEpCkfhaBUz7--4VM0r04_16I" alt="SLB Stock Price Prediction: Can SLB Stock Sink Below $50 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: Schlumberger N.V. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/08/16/slb-stock-price-analysis-can-schlumberger-create-waves-in-2023/" rel="noopener noreferrer nofollow">SLB stock price</a> currently trades at $56.46 and consolidating near the recent support to decide a clear direction. The breakout of upper trendline resistance may align the short-term trend with the long-term and the stock may resume its uptrend.&nbsp;</p> 
<p>However, the breakdown of the recent support may trigger a profit booking among the investors and the stock may decline to lower levels turning its short-term trend bearish.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-emas-showing-a-golden-crossover-on-the-daily-chart-strong"><strong>The EMAs Showing A Golden Crossover On the Daily Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/vtSyvEZcqwGmT009DuwsZND7SYqK4chDY8ucnhsRiwElBDgYFqUor9e-Yybez7NSBril7IE0SpSn-a6GEoB8QiaFtAVvpFwUZCBbnGlGwI1nILTE-Ep8c9jWLixTnquVGZvBbAtVG8w4i8Xnu2bfdsM" alt="SLB Stock Price Prediction: Can SLB Stock Sink Below $50 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: Schlumberger N.V. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily SLB stock price chart shows that the price is trading above the 50 and 200 EMA indicating a strong bullish trend prevailing at the moment. The overall Technical Opinion rating including RSI and MACD is signaling a 64% buy with a weakening short-term outlook on maintaining the current direction.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>SLB stock price has been rising steadily for three months, breaking above the resistance and rallying before the earnings. The earnings beat the expectations and the price continued its uptrend. The stock price broke down the channel pattern and consolidated near the support. The price is in a long-term uptrend above the 50 and 200 EMA. The breakout of the resistance may resume the uptrend, while the breakdown of the support may trigger a sell-off.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $55.78 and $52.46.</li> 
 <li><strong>Resistance levels:</strong> $60.05 and $63.31.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

SLB Stock Price Prediction: Can SLB Stock Sink Below $50 Mark?

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