Learn to Evaluate (SLB) using the Charts
December 11, 2024, 12:54 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SLB
- Buy SLB near 38.03 target 41.43 stop loss @ 37.92 Details
The technical summary data tells us to buy SLB near 38.03 with an upside target of 41.43. This data also tells us to set a stop loss @ 37.92 to protect against excessive loss in case the stock begins to move against the trade. 38.03 is the first level of support below 41.18 , and by rule, any test of support is a buy signal. In this case, support 38.03 would be being tested, so a buy signal would exist.
- Short SLB slightly under 41.43, target 38.03, stop loss @ 41.55 Details
The technical summary data is suggesting a short of SLB as it gets near 41.43 with a downside target of 38.03. We should have a stop loss in place at 41.55though. 41.43 is the first level of resistance above 41.18, and by rule, any test of resistance is a short signal. In this case, if resistance 41.43 is being tested, so a short signal would exist.
Swing Trading Plans for SLB
- Buy SLB slightly over 41.43, target 41.79, Stop Loss @ 41.31 Details
If 41.43 begins to break higher, the technical summary data tells us to buy SLB just slightly over 41.43, with an upside target of 41.79. The data also tells us to set a stop loss @ 41.31 in case the stock turns against the trade. 41.43 is the first level of resistance above 41.18, and by rule, any break above resistance is a buy signal. In this case, 41.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SLB slightly near 41.43, target 40.72, Stop Loss @ 41.55. Details
The technical summary data is suggesting a short of SLB if it tests 41.43 with a downside target of 40.72. We should have a stop loss in place at 41.55 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 41.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for SLB
- Buy SLB slightly over 41.22, target 41.43, Stop Loss @ 41.12 Details
If 41.22 begins to break higher, the technical summary data tells us to buy SLB just slightly over 41.22, with an upside target of 41.43. The data also tells us to set a stop loss @ 41.12 in case the stock turns against the trade. 41.22 is the first level of resistance above 41.18, and by rule, any break above resistance is a buy signal. In this case, 41.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SLB slightly near 41.22, target 40.72, Stop Loss @ 41.32. Details
The technical summary data is suggesting a short of SLB if it tests 41.22 with a downside target of 40.72. We should have a stop loss in place at 41.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 41.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Schlumberger N.v. (SLB) available here: SLB.
SLB Ratings for December 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
38.03 |
| P2 |
40.41 |
40.72 |
41.43 |
| P3 |
41.22 |
41.79 |
44.91 |
AI Generated Signals for SLB
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Schlumberger N.v. (NYSE: SLB) report below can help you understand how to do this. The trading plans for SLB, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SLB:
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