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Technical Analysis of Schlumberger N.V. (SLB) - May 26, 2022

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Technical Analysis of Schlumberger N.V. (SLB) - May 26, 2022
Technical Analysis of Schlumberger N.V. (SLB) - May 26, 2022

SLB as a large global energy service and equipment has several key points:

  • The relative strength against SPX (as a leading indicator) broke above its resistance several days ago.
  • Accumulation/Distribution as a leading indicator and a volume confirmation indicator broke above its resistance several days ago.
  • The SLB price itself broke above its resistance at $44.
  • The next target will be at $63 with a stop loss at $37.


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