Schlumberger stock: buy or sell
Jan 18th, 2021
Schlumberger stock brief
- Schlumberger closed last Friday at $24.91 after sinking a -4.04%.
- Last Friday, Schlumberger posted its Q4 financial report
- Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. This uptrend marked a 82.89% gain
- Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide.
Should I buy Schlumberger stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $SLB stock a buy?
In the current situation of Schlumberger there is not any eligible buy setup. This doesn't mean we expect a selloff for $SLB in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Schlumberger stock?
"To sell or not to sell", if you are holding Schlumberger shares?. Trading strategies allow us to avoid rash decisions based on our sentiments or the noise surrounding the market. When selling, as well as buying, detailed setups are very easy to use but are only valid for selling shares you already own, not for shorting $SLB stock
As a rule of thumb, you should never hold a trade that generates losses greater than those expected upon the buy. The timing to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell Schlumberger stock?
In the current situation of Schlumberger there is not any eligible sell setup, so Schlumberger stock holders with operations in green can keep their positions
We don't have any rating published in the last month for Schlumberger
Schlumberger stock analysis
Since last October, Schlumberger has been printing an uptrend that by now marked an amazing 82.89%. Rising tops and bottoms can be seen easily on a chart and how price offered very few entry points on the breakouts. Latest low was in mid-December, when price bounced at $21.08. Now, the price moves in a consolidation between its last top ($26.73) and its last bottom ($21.08)
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price surpassed the upper band last Tuesday, the price sliced by 6.81%
Relative strength index
After breaking above the line of 70 yesterday, dropped back below with a value of 61.63. This is a weak signal for the stock and it should get us on alert of weakness in the stock price
Schlumberger stock price history
Schlumberger went public priced at an adjusted price1 of $4.79 on Dec 1981. Since then, SLB stock has risen by 420.04%, with an average of 10.77% per year. An investment of $1,000USD on the IPO would worth $5,200.42 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Schlumberger stock
Nobody can predict how much a stock will be priced tomorrow. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions published by brokerage institutions in the last 30 days. Again, these estimates are not direct recommendations for small traders and should not be trusted blindly.
In the last month we couldn't find any price target posted for Schlumberger stock.
Earnings and financials
Last Friday, Schlumberger ($SLB) hosted the quarterly investors event and presented the report.For comparison, the EPS for the same quarter last year was $0.39, so reported EPS is -100.00%. Looking at sales, figures tanked a -38.44% compared to $85.4B same quarter 12 months ago.
Schlumberger ($SLB) is hosting the Q1 earnings call next April.
Disclaimer:The thoughts published in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the particular conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative purposes only
|Friday, January 15th, 2021|
|Day range||$24.64 - $25.69|
|Average true range||$1.31|
|50d mov avg||$21.55|
|100d mov avg||$19.09|
|200d mov avg||$18.47|
|Earnings date||April 16th, 2021|