Schlumberger Limited (SLB) “On a long-term technical basis, the stock (SLB) is trading below its 200-day moving average which generally implies it is in a negative trend.

The stock has support at 14.52 and 11.87. If the stock breaks down through support at 14.52 then it will probably continue lower to 11.87. The stock has resistance at 16.96 and at 17.87. If the stock breaks up through resistance at 16.96 then it will probably continue higher to 17.87. The 200-day moving average is at 21.19. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 14.52 look for a rally to previous highs. The stock is slightly oversold according to the Stochastic Indicator (34.33).”

Schlumberger Limited (SLB) “On a long-term technical basis, the stock (SLB) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 12.88 and 10.83. If the stock breaks down through support at 12.88 then it will probably continue lower to 10.83. The stock has resistance at 26.65 and at 30.65. If the stock breaks up through resistance at 26.65 then it will probably continue higher to 30.65. The 200-day moving average is at 35.71. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (11.58).”