Schlumberger is a technology company that partners with customers to access energy by providing solutions and technologies for the global energy industry. Co.'s divisions are: Digital and Integration, which provides multiclient seismic surveys and data processing through WesternGeco®, digital solutions, and Asset Performance Solutions (APS) business model for field production projects; Reservoir Performance, which consists of reservoir-centric technologies and services; Well Construction, which provides services and products related to designing and constructing a well; Production Systems, which provides a portfolio of equipment and services including subsurface production systems.
When researching a stock like Schlumberger, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from SLB Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for SLB stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the SLB 200 day moving average ("SLB 200 DMA"), while one of the most popular "shorter look-backs" is the SLB 50 day moving average ("SLB 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Schlumberger. |
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Video: Technical Analysis