Schlumbergers stock price (SLB) fell mildly in latest intraday trading after the pivotal resistance of $36.65 held on, with the price trying to gather momentum to rebound and pierce that resistance, while venting off overbought saturation in the Stochastic after reaching overbought levels, amid the dominance of the upward correctional wave in the short term, with ongoing positive pressure due to trading above the 50-day SMA.

Therefore we stand neutral until the stock moves on the pivotal resistance of $36.65, with a breach opening the door for more gains towards the resistance of $39.70.

Todays price forecast: Neutral