SCHLUMBERGER

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SLB
ISIN:	AN8068571086

SCHLUMBERGER - 1H - Technical analysis published on 06/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

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SCHLUMBERGER Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 41.58 EUR

My targets

39.30 EUR (-2.36%)

37.55 EUR (-6.71%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 41.58 EUR remains possible. It is advisable to trade SCHLUMBERGER with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 41.58 EUR. The next bearish objective for sellers is set at 39.30 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 37.55 EUR. In case of crossing, the next objective would be the support located at 30.59 EUR. PS: if there is a bullish break in the resistance located at 41.58 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia.

Additional analysis

Quotes

SCHLUMBERGER rating 40.25 EUR. On the day, this instrument gained +2.03% with the lowest point at 39.90 EUR and the highest point at 40.25 EUR. The deviation from the price is +0.88% for the low point and 0% for the high point.

39.90

40.25

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SCHLUMBERGER indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.59	37.55	39.30	40.25	42.33	43.48	43.99
Change (%)	-24.00%	-6.71%	-2.36%	-	+5.17%	+8.02%	+9.29%
Change	-9.66	-2.70	-0.95	-	+2.08	+3.23	+3.74
Level	Intermediate	Major	Intermediate	-	Minor	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.47	38.88	39.17	39.58	39.87	40.28	40.57
Camarilla	39.26	39.32	39.39	39.45	39.51	39.58	39.64
Woodie	38.40	38.85	39.10	39.55	39.80	40.25	40.50
Fibonacci	38.88	39.15	39.32	39.58	39.85	40.02	40.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.09	40.86	41.58	42.35	43.07	43.84	44.56
Camarilla	41.88	42.02	42.15	42.29	42.43	42.56	42.70
Woodie	40.06	40.85	41.55	42.34	43.04	43.83	44.53
Fibonacci	40.86	41.43	41.78	42.35	42.92	43.27	43.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.57	39.60	40.95	42.98	44.33	46.36	47.71
Camarilla	41.36	41.67	41.98	42.29	42.60	42.91	43.22
Woodie	37.22	39.43	40.60	42.81	43.98	46.19	47.36
Fibonacci	39.60	40.89	41.69	42.98	44.27	45.07	46.36

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.57
MACD (12,26,9):	-0.0800
Directional Movement:	4.90
AROON (14):	50.00
DEMA (21):	39.79
Parabolic SAR (0,02-0,02-0,2):	39.55
Elder Ray (13):	0.27
Super Trend (3,10):	40.48
Zig ZAG (10):	40.25
VORTEX (21):	0.8500
Stochastique (14,3,5):	98.25
TEMA (21):	40.07
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.75
Repulse (5,40,3):	0.3200
ROCnROLL:	-1
TRIX (15,9):	-0.0800
Courbe Coppock:	1.82

MA7:	40.55
MA20:	42.47
MA50:	45.36
MA100:	45.67
MAexp7:	40.08
MAexp20:	40.00
MAexp50:	40.53
MAexp100:	41.39
Price / MA7:	-0.74%
Price / MA20:	-5.23%
Price / MA50:	-11.27%
Price / MA100:	-11.87%
Price / MAexp7:	+0.42%
Price / MAexp20:	+0.63%
Price / MAexp50:	-0.69%
Price / MAexp100:	-2.75%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on SCHLUMBERGER. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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