When (SLB) Moves Investors should Listen
May 07, 2024, 21:34 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SLB
- Buy SLB slightly over 46.34 target 51.87 stop loss @ 46.21 Details
The technical summary data tells us to buy SLB near 46.34 with an upside target of 51.87. This data also tells us to set a stop loss @ 46.21 to protect against excessive loss in case the stock begins to move against the trade. 46.34 is the first level of support below 48.17 , and by rule, any test of support is a buy signal. In this case, support 46.34 would be being tested, so a buy signal would exist.
- Short SLB slightly under 51.87, target 46.34, stop loss @ 52.02 Details
The technical summary data is suggesting a short of SLB as it gets near 51.87 with a downside target of 46.34. We should have a stop loss in place at 52.02though. 51.87 is the first level of resistance above 48.17, and by rule, any test of resistance is a short signal. In this case, if resistance 51.87 is being tested, so a short signal would exist.
Swing Trading Plans for SLB
- Buy SLB slightly over 51.87, target 57.5, Stop Loss @ 51.72 Details
If 51.87 begins to break higher, the technical summary data tells us to buy SLB just slightly over 51.87, with an upside target of 57.5. The data also tells us to set a stop loss @ 51.72 in case the stock turns against the trade. 51.87 is the first level of resistance above 48.17, and by rule, any break above resistance is a buy signal. In this case, 51.87, 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 51.87, target 48.03, Stop Loss @ 52.02. Details
The technical summary data is suggesting a short of SLB if it tests 51.87 with a downside target of 48.03. We should have a stop loss in place at 52.02 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, 51.87, 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 48.52, target 51.87, Stop Loss @ 48.41 Details
If 48.52 begins to break higher, the technical summary data tells us to buy SLB just slightly over 48.52, with an upside target of 51.87. The data also tells us to set a stop loss @ 48.41 in case the stock turns against the trade. 48.52 is the first level of resistance above 48.17, and by rule, any break above resistance is a buy signal. In this case, 48.52, 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 48.52, target 48.03, Stop Loss @ 48.63. Details
The technical summary data is suggesting a short of SLB if it tests 48.52 with a downside target of 48.03. We should have a stop loss in place at 48.63 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, 48.52, 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 May 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
46.34 |
| P2 |
48 |
46.81 |
51.87 |
| P3 |
48.52 |
48.03 |
57.5 |
AI Generated Signals for SLB
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Schlumberger N.v. (NYSE: SLB) report below is a real world example. Included are trading plans for SLB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SLB:
pool ads
