Trading Signals: SLB Stock Price Prediction and Forecast

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Wed. Apr. 19, 2023

Trading Signals: SLB Stock Price Prediction and Forecast (Mon. Mar. 17, 2014 - Fri. Oct. 27, 2023)

(Schlumberger NV)
SLB latest price $52.6300 (0.88%) ($51.6600 - $52.7600) on Wed. Apr. 19, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.6% (three month average)
RSI   69
Latest Price   $52.6300(0.88%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SLB advances 0.3% a day on average for past five trading days.
Weekly Trend   SLB advances 2.4% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support SLB advance at 0% a week (0% probability)
OIH(90%)    XLE(75%)    XOP(71%)    USO(61%)    XME(53%)
Factors Impacting SLB price   SLB will decline at least -1.3% in a week (0% probabilities).
VXX(-24%)    VIXM(-23%)    UUP(-18%)    SHY(-16%)    BND(-15%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.3% (StdDev 2.6%)
Hourly BBV 1.5 ()
Intraday Trend 1.2%

5 Day Moving Average   $52.25(0.73%)
10 Day Moving Average   $51.53(2.13%)
20 Day Moving Average   $49.93(5.41%)
To recent high   -8.4%
To recent low   18.1%
Market Cap   $73.056b

Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron and Elimination and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.

$. SLB price fluctuates within 4.77% (three month std-dev: 2.6%) daily (68% of days).

Sample size 38 Average positive next day return: 1.43%(45%) Average negative next day return: -1.47%(55%) Sample size 38 Average positive next three day return: 2.05%(55%) Average negative next three day return: -2.53%(45%) Sample size 38 Average positive next weekly return: 2.08%(45%) Average negative next weekly return: -2.33%(55%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230519

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Apr_19_2023	52.46	49.93	51.53	52.25	52.22	52.15	52.63(0.88%)	UT	OpenLong	75	0.2	17	-10	4	57	7.79	37%	0.02	66.5	2.6%	1.5	1.1	69	1.6
2	Apr_18_2023	52.45	49.7	51.53	52.12	52.15	52.07	52.17(0.21%)	UT	OpenLong	75	0	16	-10	-0	65	5.54	37%	0.06	65.4	2.6%	-0.1	1.1	71	1.6
3	Apr_17_2023	52.42	49.41	51.3	51.91	52.03	52.29	52.06(-0.8%)	UD	OpenLong	75	0.1	31	40	11	89	7.37	37%	0.02	57.4	2.61%	-0.8	1.1	74	1.5
4	Apr_14_2023	52.41	49.05	51.01	51.51	51.68	52.23	52.48(1.14%)	UT	HoldLong	65	0.4	44	80	24	105	8.04	37%	0	38.5	2.61%	0.7	1.4	80	1.5
5	Apr_13_2023	52.41	48.73	50.64	50.93	51.09	51.77	51.89(-0.17%)	UD	OpenLong	75	0.4	42	100	21	105	6.54	37%	0	21.6	2.63%	0.8	1.3	74	1.4

6	Apr_12_2023	52.41	48.4	50.33	50.7	50.64	51.14	51.98(1.64%)	UT	OpenLong	75	0.5	43	70	21	107	8.39	40%	-0.02	3.3	2.63%	1.6	1.5	64	1.2
7	Apr_11_2023	52.42	48.24	49.9	50.39	50.4	50.42	51.14(2.2%)	UT	OpenLong	75	0.3	23	0	-0	90	8.08	40%	-0.04	-9.8	2.65%	1.5	1.3	58	1.3
8	Apr_10_2023	52.44	48.1	49.48	50.63	50.54	50.15	50.04(0.85%)	UD	OpenLong	65	-0.3	18	-60	-9	99	5.28	40%	-0.06	-21.1	2.64%	-0.6	0.9	62	1.4
9	Apr_6_2023	52.47	48.12	48.97	50.44	51.17	50.37	49.62(-2.13%)	UD	OpenLong	65	-0.4	21	-70	-5	99	6.73	42%	-0.08	-31.6	2.63%	-1.8	0.7	65	0.4
10	Apr_5_2023	52.51	48.22	48.58	50.27	50.88	50.94	50.7(0.48%)	UT	HoldLong	50	0.2	16	40	-9	91	9.05	42%	-0.08	-36	2.65%	-0.7	1	62	0.4

11	Apr_4_2023	52.55	48.32	48.23	49.87	50.5	51.97	50.46(-3.57%)	UD	OpenLong	75	0.2	56	240	38	111	9.38	42%	-0.08	-39.4	2.66%	-0.5	0.8	64	0.3
12	Apr_3_2023	52.59	48.46	47.99	49.3	49.79	50.83	52.33(6.58%)	UT	OpenLong	75	1	77	180	67	105	20	42%	-0.04	-39.2	2.63%	1.2	1.2	55	0.1
13	Mar_31_2023	52.61	48.55	47.34	48.19	48.43	49.02	49.1(0.74%)	UT	OpenLong	75	0.3	34	100	29	50	8.1	37%	-0.09	-44	2.53%	0.9	0.2	50	0.1
14	Mar_30_2023	52.66	48.85	46.9	47.28	47.71	48.75	48.74(0.08%)	UT	OpenLong	75	0.4	33	180	43	2	7.35	37%	-0.08	-45.5	2.55%	0.6	-0	44	-0.1
15	Mar_29_2023	52.7	49.15	46.63	46.63	46.55	47.83	48.7(2.23%)	N/A	N/A	0	0.5	13	190	33	-47	9.57	37%	-0.11	-46.1	2.55%	1.2	-0.1	41	-0.2

16	Mar_28_2023	52.76	49.43	46.28	46.37	46.05	46.68	47.64(1.86%)	DP	OpenShort	-65	0.3	-7	80	23	-95	6.81	37%	-0.15	-44.7	2.54%	1.2	-0.5	36	-0.3
17	Mar_27_2023	52.84	49.71	46.4	46.5	46.26	45.28	46.77(4.94%)	DP	OpenShort	-75	0.1	-37	-160	-7	-126	10.58	37%	-0.11	-43.7	2.53%	1.2	-0.7	33	-0.5
18	Mar_24_2023	52.9	50.08	46.58	46.39	46.75	45.43	44.57(-2%)	DT	HoldShort	-65	-0.5	-75	-170	-41	-176	19.75	33%	-0.15	-43.8	2.45%	-1.3	-1.4	24	-0.6
19	Mar_23_2023	52.98	50.56	47.21	46.41	47.04	47.24	45.48(-4.05%)	DT	OpenShort	-75	-0.2	-59	70	-16	-186	12.21	36%	-0.11	-48.1	2.46%	-2.4	-1.3	25	-0.8
20	Mar_22_2023	53.04	50.97	47.85	46.55	46.74	48.08	47.4(-1.82%)	DP	OpenShort	-65	0.2	-13	210	41	-175	11.56	36%	-0.08	-53.4	2.44%	0.3	-1	30	-0.8

21	Mar_21_2023	53.08	51.24	48.42	46.14	46.05	46.84	48.28(4.46%)	DP	OpenShort	-65	0.6	-24	110	32	-193	10.49	36%	-0.08	-63.3	2.47%	1.5	-0.8	32	-0.8
22	Mar_20_2023	53.12	51.5	48.94	46.35	45.49	45.4	46.22(3.45%)	DP	OpenShort	-75	-0	-66	-70	-18	-210	10.49	35%	-0.09	-66.9	2.44%	1.3	-1.5	32	-1
23	Mar_17_2023	53.17	51.88	49.83	46.88	46.46	45.26	44.68(-3.25%)	DT	HoldShort	-65	-0.7	-81	-210	-40	-204	20.71	32%	-0.13	-71.6	2.43%	-1.4	-2.2	24	-1.3
24	Mar_16_2023	53.24	52.46	50.96	48.14	47.45	45.58	46.18(1.9%)	DP	OpenShort	-75	-0.7	-108	-320	-83	-184	16.77	34%	-0.11	-67.9	2.42%	-0.4	-2.1	29	-1.2
25	Mar_15_2023	53.3	52.97	51.9	49.34	49.01	47.66	45.32(-8.18%)	DT	OpenShort	-75	-1.5	-100	-210	-84	-149	18.09	34%		-62.4	2.41%	-1.6	-2.9	29	-1.5
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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