Schlumberger N.V. (SLB) stock price witnessed volatile trading in its latest intraday movement, through which it maintained its previous gains while attempting to gain positive momentum that could help it resume those gains, amid continued dynamic positive support from trading above its 50-day SMA, which reinforces the stability and dominance of the main upward trend in the short term, while moving alongside a trend line supporting this path. In addition, we notice continued positive signals from the Stochastic indicators after reaching deeply oversold levels.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $52.45 support level, targeting the nearby key resistance level at $57.20 in preparation for attacking it.

Todays price forecast: Bullish