Schlumberger Technical Analysis (NYSE:SLB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Schlumberger stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SLB stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Schlumberger. Technical analysis uses an approach for Schlumberger stock analysis that does not care for the fair value of a company but uses price and volume data only.
Schlumberger Moving Average
Moving averages show the average price of SLB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Schlumberger are mostly signals of long term trends and will help long term traders.
Schlumberger Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Schlumberger. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Schlumberger bollinger bands show that the stock price is $68.08, upper band is 69.08, lower band is 64.42, and the average is 66.75.
Schlumberger Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Schlumberger MACD indicator can be used to identify bullish and bearish trends for the stock.
Schlumberger Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 56.53 is the RSI value of SLB stock.