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Schlumberger (Extended Hours)

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SLB trade ideas

Schlumberger Has Been SlidingSchlumberger has been sliding for more than a year, and some traders may see further downside risk. The first pattern on today’s chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below the line in late January and spent all of February below it. That may be viewed as a bear flag breakdown. Second, SLB made a higher daily high in a failed rally on Monday. But then it crossed below Friday’s low. The resulting bearish engulfing candle may suggest that sellers remain in control. Third, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. Such a configuration is potentially consistent with bearishness over the longer run. Flipping to the short run, traders may also see bearish patterns: The 8-day exponential moving average (EMA) has crossed below the 21-day EMA and MACD has been falling. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:SLB
by TradeStation
SLB (former Schlumberger). Dig deep ...Schlumberger, the world’s largest oil and gas company, has been through two key phases in recent years. The sustained decline from 2018-2020 and growth in 21-23. Although the movement was partly correlated with oil prices, there were other factors. Fall period: 1) Since 2016, the company has been actively investing in North America. By 2020, the company was gradually, roughly speaking, defeated. 2) In the 19-20’s, more than 10 billion dollars were written off, including drilling assets in North America. 3)The company approached a global crisis (price war of Russia and CA, covid) with high debt load (about 17 billion). 4) In 2019, the new CEO was Olivier Le Peuch, who replaced Paal Kibsgaard. He was forced to accelerate the exit from loss-making assets and restructure the business. Growth period: After the 2020 crisis, SLB managed not only to recover, but also to outpace the market by about 100%. 1) The company has made a focus on the Middle East and Latin America. 2) Reduction of the debt burden, optimization of costs, discipline in expenses. 3) Digital transformation and technology (you can search for 'Delfi'). 4) Buyback and dividends. War in Ukraine: The company left the Russian market relatively late, and not completely, but limited operations while maintaining its presence. Managed to catch criticism and reputational pressure (Ukraine included in the list of "international sponsors of war"). Also, the company took a minor advantage of rising prices, but eventually reduced the importance of the Russian market (although it compensated for this by expanding in BE and LA). In this context, it should be noted that the war has led to increased attention to energy security issues in Europe and elsewhere, which has stimulated investment in exploration and production in new territories. It was a fundamental, in-depth analysis. Has the company passed "bottom" or are current prices still high? It is not clear yet...
NYSE:SLB
by JHAlex
SLB - Will Trump Presidency Turn This One Around?2024 has not been a good year for Oil stocks, SLB suffering more than others. But could the drill, baby, drill mantra from the incoming president change the fortunes of SLB and other drillers? From a Fibonacci perspective, price has fallen 50% of the last impulse wave, sometimes considered an appropriate correction. On a corrective wave basis, the current move appears to be .618% of wave A. A common move would be C = A, bringing price down to 31. at that price level the overall correction level from the last major impulse move would be .618, Also a possibility. Should the current market selloff pull this stock any lower, could be worth a pilot position. Unknown how effective Trump's oil policies will be and how oil stocks will be affected. But clearly, the recent correction has brought prices to a reasonable level with a P/E at a low 12 level.
NYSE:SLBLong
by AssetDesign
SLB 5M Daytrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade - short impulse + support level - unvolumed T1 level + volumed 2Sp- - weak test closed below T1 + first bullish bar closed entry - target beyond 5M / 1H range Calculated affordable stop limit 1 to 2 R/R take profit expandable to swing / investment trade 1 Hour CounterTrend "- short balance + expanding ICE + support level + biggest volume manipulation" 1 Day Trend "+ long impulse + SOS test level + support level + 1/2 correction" 1 Month Trend "+ long balance + expanding ICE level + support level + 1/2 correction + volumed manipulation" Sell SLB Limit 44.54, GTC Sell SLB Stop 42.29 LMT 43.06, GTC
NYSE:SLBLong
by MishaSuvorov
WW3 incoming? SLB - Geopolitical Hedge As the issues in the Middle East continue to deteriorate, it is prudent to look at opportunities in the market in the event of further escalation and rising oil prices. Technical Analysis Inverse Head and Shoulders pattern which suggests a possible upside of $200 in the event that oil reaches over $125 per barrel. We appear to have finished Wave 5 of the corrective cycle, coinciding with the Wave C of the ABC Elliot Wave Pattern. The downside target of $38 was met and it is where I went long. Stop loss placed at $38 (break even), which is also below the neckline of the inverse head and shoulders pattern. I would like to see a break above $44 for further continuation of this local uptrend. Current Political Climate and Possible tailwinds for SLB 1. Oil Price Sensitivity: SLB (Schlumberger) is one of the world’s largest oilfield services companies, deeply tied to the oil and gas industry. A geopolitical issue in the Middle East, a critical region for global oil production, can lead to disruptions in oil supply, resulting in higher oil prices. Historically, rising oil prices boost demand for oilfield services as companies ramp up production to capitalize on the higher price environment. SLB, providing essential services such as drilling, reservoir characterization, and production, stands to benefit from increased exploration and production activity. 2. Increased Capital Expenditures: With rising oil prices, oil companies typically increase capital expenditures to explore and extract more oil. SLB, as a leading provider of technology and services for the energy industry, would see increased demand for its offerings, from drilling equipment to digital solutions. This translates into stronger revenue growth, better profit margins, and, ultimately, a rise in SLB's stock price as the company capitalizes on the oil price boom. 3. Geopolitical Hedge: SLB’s global footprint provides a hedge against localized geopolitical risks. While tensions in the Middle East might disrupt oil supplies from the region, SLB’s operations span across multiple continents, allowing it to continue benefiting from oil price increases while also maintaining business continuity in regions unaffected by the geopolitical tensions. They continue to operate in Russia, despite their competitors withdrawing from the region. Key Fundamentals of SLB 1. Industry Leadership and Market Position: SLB is a dominant player in the oilfield services sector, with a strong global presence. Its diverse portfolio of services, including digital, drilling, and production systems, gives it a competitive edge in helping energy companies optimize their operations. 2. Strong Balance Sheet: SLB has maintained a solid financial position, with a focus on managing its debt and generating cash flow. The company’s cash flow strength supports its ability to invest in innovation, shareholder returns, and potential future expansion, further solidifying its position in the market. 3. Dividend and Shareholder Returns: SLB has a history of returning capital to shareholders through dividends. As a key player in the energy services sector, it maintains a healthy dividend yield, which is attractive to investors looking for income alongside capital appreciation. Not financial advice, simply sharing why I went long on SLB.
NYSE:SLBLong
by NoFOMO_
2
SLB 5M DayTrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade - short impulse - unvolumed T1 level + volumed Sp? + support level + weak test + first bullish bar closed entry Calculated affordable stop limit 1 to 2 R/R take profit Hourly context "- short impulse + volumed T1 level + support level + 1/2 correction" Daily context "+ long impulse + above JOC SOS level? + support level + 1/2 correction" Monthly context "+ long balance + expanding ICE level + support level + 1/2 correction + volumed Sp" SLB @NYSE Sell Limit 48.70, GTC Sell Stop 47.68 LMT 48.03, GTC
NYSE:SLBLong
by MishaSuvorov
Schlumberger Could Be OverboughtSchlumberger has bounced along with other energy stocks recently, but some traders may see a downtrend taking shape. The first pattern on today’s chart is the $47 level. It was near the lows in February and early May. SLB is now potentially stalling at the same point. Has old support become new resistance? Second, the 50-day simple moving average (SMA) has fallen into the same price zone. That may reflect a bearish intermediate-term trend. Third, the 50-day SMA had a “death cross” below the 200-day SMA in early January and has remained there since. That may reflect a bearish long-term trend. Finally, stochastics have hit an overbought condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:SLB
by TradeStation