Analyzing the options chain and the chart patterns of SLB Schlumberger Limited prior to the earnings report this week,
I would consider purchasing the 54usd strike price in the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SLB is Bearish in 6months timeframe, the price is back on supply which initiated this bearish trend, we can see now that the price ic currently accumulating orders, a wyckoff is in place.
I'm expecting now the price to reach downside liquidity at 39.5 $ and potentially continue until 16$.
Upside risk 15%
Downside max profit 67%
NYSE:SLB , formerly known as Schlumberger, has announced plans to acquire ChampionX ( NASDAQ:CHX ), a leading provider of chemistry solutions and drilling technology. The acquisition, coupled with a substantial $7 billion shareholder return plan, signals SLB's commitment to driving growth and delivering value to its investors in the years to come.
The all-stock...
On 1/19/2024, SLB (SLB) reported earnings of $0.86 per share on revenue of $8.99 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.84 per share on revenue of $9.00 billion.
A failed dragon turned into a beautiful falling 3 drives pattern with bullish divergence all happening at a long respected demand line.
Easy trade to size up risk on, again never know what will happen.
Unfortunately this is one again that we took and posted in the community two weeks ago. It would be equitable now if you played it to the high or third target.
Valuation seems very attractive
Earnings are expected to grow moving forward
However the share price trend looks bearish
Will have to monitor if it will break the support level
or it's undergoing a turnaround from the low.
The share price is also somewhat moving in line with the WTI oil price.
Reasons for bullish bias:
- Price respected strong trendline
- Hammer candle formation on the support
Entry Level: 50.85
Stop Loss Level: 46.99
Take Profit Level 1: 54.71
Take Profit Level 2: 58.57
Take Profit Level 3: 60.73
Schlumberger Limited (NYSE: NYSE:SLB ), a world-renowned oilfield services provider, has concluded a remarkable year, surpassing analysts' estimates for quarterly profit and showcasing robust growth in its international business. Despite geopolitical uncertainties and regional tensions, NYSE:SLB 's CEO, Olivier Le Peuch, remains optimistic about the company's...
NYSE:SLB is heading for an early bullish signal after the price action shows an early stage of potential upside. First, Ichimoku's conversion and baseline are performing a crossover. Next the strong bullish rebound on 14th Dec marks the early interest of the bull.
In the energy sector, a comparative analysis of financial metrics and market dynamics between Valero Energy Corporation (VLO) and Schlumberger Limited (SLB) reveals distinct investment perspectives. Examining their financial performance and market standings suggests a strategic approach to investing in these stocks.
Reasons to Consider VLO Over SLB:
Earnings...
Schlumberger looks good from a risk reward basis as long as it holds $48.57 on a closing basis. If the stock closes below $48.57 the next support will be around $42.
On a bullish side targets are highlighted.
Educational purpose only not a recommendation. Please do u DD
Analyzing the options chain and the chart patterns of SLB Schlumberger Limited prior to the earnings report this week,
I would consider purchasing the 61usd strike price Calls with
an expiration date of 2023-11-3,
for a premium of approximately $1.69.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
This trade has a pattern on M15 and is with the trend, there is a lot of resistance for this short and the stop loss should be above 60.5. There are multiple tops on M15 and M30 with divergence.
Rising Wedges are Bearish but are not valid until the bottom line is clearly broken.
A level of support will usually catch price if it/when breaks down.
Both lines slope up and narrow at the apex.
Sometimes price will break up from a Rising Wedge, but eventually price will break the bottom line. It can be a long time in some cases.
A Rising wedge represents a...
Schlumberger surged early last month. Now, after a period of consolidation, it may be ready to continue upward.
The first pattern on today’s chart is the high-volume rally July 7-11. (This was part of a broad move across the energy sector as crude oil came off its lows.) SLB broke its early-March peak around $56, followed by successful retests under that level on...
The PEAD projected a bullish outlook for NYSE:SLB after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
