Schlumberger stock: buy or sell
Updated on:
Apr 22nd, 2021
1
Schlumberger stock brief
- Schlumberger stock climbed 1.90% to close at $25.73 on the stock market on Wednesday.
- Schlumberger is presenting its earnings report on Friday
- The stock is configuring an uptrend pattern since October 2020, when it bottomed at $13.55. This rally marked a 89.89% 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 $SLB will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Schlumberger stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid impulsive decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, our setups are very easy to use and are only valid for selling shares in your porfolio, not for shorting Schlumberger stock
As a golden rule, you must never keep a trade that leads to higher than expected losses upon purchase. The timing to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Schlumberger stock?
Currently, Schlumberger stock doesn't match any of our preferred sell setups, so if you hold Schlumberger shares and your operation is in profit probably is not time to sell now
Schlumberger ratings
In the previous month we couldn't find any rating for Schlumberger
Schlumberger stock analysis
Since in October 2020, Schlumberger has been drawing an uptrend that so far marked a gorgeous 89.89%. The price action shows higher peaks and higher lows, and along the way gave some buy points for those who wanted to invest. Latest low was last January, when price bounced at $21.13. Currently, the price swings in a consolidation between its last top ($30.41) and its last bottom ($21.13)
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on Tuesday, the price bounced off by 2.84%. The price is moving near to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 41.61. Schlumberger stock sank a 12.51% since then
Schlumberger stock price history
Schlumberger went public priced at an adjusted price1 of $5.48 on Dec 1981. Since then, SLB stock surged by 369.53%, with an average of 9.48% per year. An investment of $1,000USD at that time would have a value of $4,695.26 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Schlumberger stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
The following table shows the price target released by financial institutions in the last month. Again, these forecasts are not direct recommendations for small traders and should not be followed blindly.
In the previous 30 days we couldn't find any price target posted for Schlumberger stock.
Earnings and financials
Schlumberger ($SLB) is hosting the earnings call on Friday. Wall Street predicts of $0.19, compared to Q4 that made $0.22. Regarding to sales, the estimations are $5.1 billion.
You must remember that the price action after the earnings release date usually has a higher volatility that may not respect your stop-loss orders.. Schlumberger's website probably has additional details.
Shareholders call was hosted by Schlumberger ($SLB) last January after releasing the financial report. Schlumberger reported earnings of $0.22 per share on sales of $5.5 billion. The consensus earnings estimate was $0.17 per share on revenue of $5.3 billion.
By comparison, the EPS for the same quarter last year was $0.39, so current EPS means a drop of -43.59%. Looking at revenue, figures collapsed a -32.77% compared to $82.3B same quarter a year ago.Schlumberger performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Schlumberger ($SLB) | -4.60% | 2.90% | 70.60% |
Please read:
The comments published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the specific circumstances of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for general educational purposes onlySchlumberger summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $24.75 |
| Close | $25.73 |
| Day range | $24.52 - $25.79 |
| Previous close | $25.25 |
| Session gain | 1.90% |
| Average true range | $1.00 |
| 50d mov avg | $27.56 |
| 100d mov avg | $25.29 |
| 200d mov avg | $21.45 |
| Earnings date | April 23rd, 2021 |