Schlumberger stock: buy or sell
Jul 29th, 2021
Schlumberger stock brief
- Schlumberger closed on Wednesday at $29.32 after just changing a 0.48%.
- The stock is configuring an uptrend pattern since October 2020, when it bottomed at $13.50. This rally marked a 117.19% gain
- Schlumberger released its earnings report last Friday
- 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?
Currently, Schlumberger stock matches one trading strategy:
Uptrend buy setup
Schlumberger stock continues to trend higher since in October 2020 and has marked an amazing 117.19% gain. Price marked a local bottom in this uptrend at $25.91 on July 19, and since then it bounced up a 13.16%. Breaking out over $36.87 - it's last top - will be a good entry point if Schlumberger resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $33.18
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$36.87||$33.18||10.00%|
Should I sell Schlumberger stock?
"To sell or not to sell", if you are holding Schlumberger stock?. Trading strategies help us to avoid impulsive decisions based on our personal feelings or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very easy to follow but are only applicable for selling stocks you already own, not for shorting Schlumberger stock
A guiding principle is that you should never keep an open trade that shows a losses greater than those expected by the time of purchase. The timing to sell your stock 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
In the last month we couldn't find any rating for Schlumberger
Schlumberger stock analysis
Since in October 2020, Schlumberger has been printing an uptrend that by now marked a gorgeous 117.19%. The price line shows higher highs and higher troughs, and along the way provided some entry points for those who wanted to trade in. Latest pullback was on July 19, when price bounced at $25.91. Currently, it trades in a consolidation between its last top ($36.87) and its last bottom ($25.91)
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band on July 20, the price bounced off by 10.89%
Relative strength index
The RSI broke out the oversold line of 30 on July 21 after just being in the oversold zone for a single day (what can be considered a strength signal). The RSI reading on Wednesday was 45.21. Since then, Schlumberger shares skyrocketed a 7.64%
Schlumberger stock price history
Schlumberger went public priced at an adjusted price1 of $5.46 on Dec 1981. Since then, SLB stock has risen by 437.00%, with an average of 11.21% per year. If you had invested $1,000USD in Schlumberger stock at that time, it would have a value of $5,369.96 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Schlumberger stock
Nobody knows how much a share will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions published by analysts over the last 30 days. If you are a small trader you must not buy or sell based on these predictions.
In the last 30 days we couldn't find any price target published for Schlumberger stock.
Earnings and financials
Investors call was hosted by Schlumberger ($SLB) last Friday after posting the earnings report. Schlumberger beat consensus earnings estimates and presented of $0.30, that is a 15.38% surprise versus the previous estimates of $0.26. Even so, reported sales of $5.6 billion were in line with analysts forecasts.This compares to Earnings of $0.05 per share a year ago, so current EPS is an increase of 500.00%. Looking at sales, figures moved up a 5.19% compared to $53.6B same quarter a year ago.
Schlumberger ($SLB) releases quarterly financial report next October. Analysts forecast of $0.35, that is a 16.67% higher than Q2.
Please read:The thoughts expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not have an understanding of the particular situations of the reader, his or her own 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 Comments are provided for educative reasons only
|Wednesday, July 28th, 2021|
|Day range||$28.81 - $29.68|
|Average true range||$1.55|
|50d mov avg||$31.95|
|100d mov avg||$30.00|
|200d mov avg||$25.86|
|Earnings date||October 14th, 2021|