Trading Signals: SLB Stock Price Prediction and Forecast

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Fri. Oct. 27, 2023

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

(Schlumberger NV)
SLB latest price $55.8300 (-0.07%) ($55.0200 - $56.1800) on Fri. Oct. 27, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.64% (three month average)
RSI   39
Latest Price   $55.8300(-0.07%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SLB declines -0.8% a day on average for past five trading days.
Weekly Trend   SLB declines -1.7% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support SLB advance at 0% a week (0% probability)
SPLV(49%)    SLV(14%)    TAN(-3%)    TLT(9%)    USO(-20%)
Factors Impacting SLB price   SLB will decline at least -0.82% in a week (0% probabilities).
IDRV(15%)    ICLN(57%)    DRIV(61%)    KWEB(-35%)    LIT(-21%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.82% (StdDev 1.64%)
Hourly BBV -1 ()
Intraday Trend -0.1%

Resistance Level   $57.95
5 Day Moving Average   $56.83(-1.76%)
10 Day Moving Average   $58.16(-4.01%)
20 Day Moving Average   $57.95(-3.66%)
To recent high   -10.1%
To recent low   0.8%
Market Cap   $77.498b

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 2.66% (three month std-dev: 1.64%) daily (68% of days).

Sample size 50 Average positive next day return: 1.54%(40%) Average negative next day return: -1.64%(60%) Sample size 50 Average positive next three day return: 2.14%(42%) Average negative next three day return: -2.18%(58%) Sample size 50 Average positive next weekly return: 2.78%(40%) Average negative next weekly return: -3.81%(60%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20231127

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	Oct_27_2023	56.5	57.95	58.16	56.83	56.57	55.83	55.83(-0.07%)	DT	OpenShort	-75	-0.6	-45	-110	-35	-76	6.94	46%	0.14	-47.7	1.64%	-1	-1.4	39	-1.7
2	Oct_26_2023	56.42	58.09	58.5	57.31	57.21	56.27	55.87(-1.32%)	DT	OpenShort	-75	-0.9	-59	-120	-61	-53	8.16	46%	0.14	-40.5	1.65%	-0.9	-1.4	55	-1.1
3	Oct_25_2023	56.34	58.34	58.78	58.13	57.87	57.31	56.62(-0.67%)	DT	OpenShort	-75	-0.9	-45	-80	-57	-7	8.57	46%	0.18	-21.2	1.64%	-0.9	-1.1	60	-0.8
4	Oct_24_2023	56.24	58.55	59.02	58.92	58.73	58.15	57(-3.13%)	N/A	N/A	0	-1.2	-14	-80	-34	47	8.4	46%	0.2	-4.9	1.65%	-1.2	-1	59	0.4
5	Oct_23_2023	56.13	58.66	59.21	59.57	59.4	58.43	58.84(1.08%)	N/A	N/A	0	-0.5	-10	-120	-37	72	9.66	50%	0.23	3.1	1.62%	0	0.1	51	-0.7

6	Oct_20_2023	56	58.7	59.17	59.69	59.77	59.32	58.21(-2.93%)	N/A	N/A	0	-1	-10	-50	-39	79	13.1	50%	0.23	1.2	1.64%	-1	-0.3	52	-1.3
7	Oct_19_2023	55.87	58.74	58.96	59.84	59.97	60.37	59.97(-1.02%)	UD	OpenLong	75	0.1	35	50	15	96	7.48	55%	0.32	-0.4	1.59%	-0.9	0.8	57	-1.4
8	Oct_18_2023	55.69	58.68	58.53	59.52	59.76	60.23	60.59(0.58%)	UT	OpenLong	75	0.7	43	70	37	62	6.96	55%	0.31	-14.8	1.59%	0.7	1.3	46	-0.7
9	Oct_17_2023	55.52	58.62	58.05	59.16	59.3	59.56	60.24(1.33%)	UT	OpenLong	75	0.7	20	40	22	14	6.52	55%	0.09	-24.2	1.59%	1.5	1.1	46	0.5
10	Oct_16_2023	55.47	58.61	57.85	58.83	58.94	59.3	59.45(0.83%)	N/A	N/A	0	0.4	12	50	17	-3	5.94	55%	0.27	-34.2	1.59%	1	0.5	51	0.8

11	Oct_13_2023	55.32	58.68	57.68	58.59	58.72	59.04	58.96(1.01%)	N/A	N/A	0	0.2	22	40	35	-16	6.82	55%	0.27	-36.6	1.59%	1	0.2	46	-1.3
12	Oct_12_2023	55.17	58.75	57.59	57.94	58.35	58.59	58.37(-0.66%)	N/A	N/A	0	0.3	14	50	34	-45	5.02	55%	0.22	-44	1.59%	-0.2	-0.2	48	0.3
13	Oct_11_2023	55.05	58.9	57.81	57.34	57.54	58.41	58.76(0.24%)	N/A	N/A	0	0.8	13	120	35	-54	5.64	61%	0.25	-51.2	1.6%	0.8	-0.1	50	0.4
14	Oct_10_2023	54.91	58.99	57.97	57.34	56.86	58.11	58.62(0.65%)	N/A	N/A	0	1	23	160	50	-60	6.61	61%	0.24	-58	1.69%	1.2	-0.2	46	0.2
15	Oct_9_2023	54.78	59.15	58	56.76	56.41	56.66	58.24(4.56%)	N/A	N/A	0	0.8	5	10	32	-76	6.67	61%	0.24	-53.1	1.69%	1.5	-0.5	42	-0.1

16	Oct_6_2023	54.65	59.27	58.14	56.7	56.47	55.6	55.7(0.54%)	DP	OpenShort	-75	-0.5	-50	-120	-33	-101	8.64	65%	0.22	-53.5	1.91%	-0.3	-1.9	30	-0.7
17	Oct_5_2023	54.53	59.51	58.5	57.22	57.05	56.16	55.4(-0.77%)	DT	OpenShort	-75	-1.1	-76	-120	-66	-107	7.49	65%	0.2	-47.9	1.91%	-1.1	-2.4	32	-0.7
18	Oct_4_2023	54.42	59.8	58.88	58.32	58.02	57.34	55.83(-4.74%)	DT	OpenShort	-75	-1.8	-58	-100	-50	-83	10.92	65%	0.24	-31.2	1.91%	-2	-2.8	30	-1
19	Oct_3_2023	54.29	60.08	59.3	59.32	59.05	57.94	58.61(1.16%)	DP	OpenShort	-75	-0.7	-39	-150	-33	-55	8.41	74%	0.28	-4.4	1.82%	0.7	-1.3	43	-2.1
20	Oct_2_2023	54.14	60.17	59.48	59.42	59.65	58.71	57.94(-0.62%)	DT	OpenShort	-75	-1.4	-57	-100	-53	-69	7.55	74%	0.26	8.5	1.81%	-1	-2.1	35	-1.1

21	Sep_29_2023	54	60.29	59.81	59.8	59.99	60.16	58.3(-4.33%)	DT	OpenShort	-75	-1.6	-21	30	-14	-40	11.28	74%	0.28	39	1.82%	-1.7	-2.1	43	-1.3
22	Sep_28_2023	53.85	60.34	60.05	59.95	59.94	60.58	60.94(0.23%)	N/A	N/A	0	1.1	25	70	38	-15	7.57	85%	0.3	58.3	1.72%	0.8	0.7	53	-0.9
23	Sep_27_2023	53.69	60.25	60.09	59.53	59.53	59.81	60.8(2.82%)	N/A	N/A	0	1.4	9	30	23	-32	7.66	85%	0.26	49.7	1.72%	1.6	0.6	50	-1.6
24	Sep_26_2023	53.55	60.13	60.06	59.32	59.29	59.3	59.13(-1.19%)	DT	OpenShort	-75	-0.2	-19	-0	-7	-53	5.8	84%	0.24	47.6	1.7%	-1.2	-1	42	-3
25	Sep_25_2023	53.42	60.08	60.35	59.58	59.52	59.24	59.84(1.36%)	DP	OpenShort	-75	0.2	-19	-40	-13	-38	6.28	84%		51.9	1.7%	1.8	-0.2	49	-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