Trading (SLB) With Integrated Risk Controls
November 20, 2024, 03:00 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SLB
- Buy SLB near 42.26 target 45.7 stop loss @ 42.14 Details
The technical summary data tells us to buy SLB near 42.26 with an upside target of 45.7. This data also tells us to set a stop loss @ 42.14 to protect against excessive loss in case the stock begins to move against the trade. 42.26 is the first level of support below 43.1 , and by rule, any test of support is a buy signal. In this case, support 42.26 is being tested, a buy signal would exist.
- Short SLB slightly under 45.7, target 42.26, stop loss @ 45.83 Details
The technical summary data is suggesting a short of SLB as it gets near 45.7 with a downside target of 42.26. We should have a stop loss in place at 45.83though. 45.7 is the first level of resistance above 43.1, and by rule, any test of resistance is a short signal. In this case, if resistance 45.7 is being tested, a short signal would exist.
Swing Trading Plans for SLB
- Buy SLB slightly over 45.28, target 45.7, Stop Loss @ 45.15 Details
If 45.28 begins to break higher, the technical summary data tells us to buy SLB just slightly over 45.28, with an upside target of 45.7. The data also tells us to set a stop loss @ 45.15 in case the stock turns against the trade. 45.28 is the first level of resistance above 43.1, and by rule, any break above resistance is a buy signal. In this case, 45.28, 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 45.28, target 42.97, Stop Loss @ 45.41. Details
The technical summary data is suggesting a short of SLB if it tests 45.28 with a downside target of 42.97. We should have a stop loss in place at 45.41 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, 45.28, 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 43.25, target 45.28, Stop Loss @ 43.15 Details
If 43.25 begins to break higher, the technical summary data tells us to buy SLB just slightly over 43.25, with an upside target of 45.28. The data also tells us to set a stop loss @ 43.15 in case the stock turns against the trade. 43.25 is the first level of resistance above 43.1, and by rule, any break above resistance is a buy signal. In this case, 43.25, 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 43.25, target 42.97, Stop Loss @ 43.35. Details
The technical summary data is suggesting a short of SLB if it tests 43.25 with a downside target of 42.97. We should have a stop loss in place at 43.35 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, 43.25, 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 November 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
38.84 |
| P2 |
42.67 |
42.97 |
42.26 |
| P3 |
43.25 |
45.28 |
45.7 |
AI Generated Signals for SLB
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SLB:
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