Schlumberger Shares Edge Up with 300th-Ranked $320M Volume Amid Conflicting Technical Signals

Schlumberger (SLB) edged up 0.12% on August 19, 2025, closing at $33.34 with a trading volume of $320 million, ranking 300th in market activity. The stock’s performance reflects a mixed technical landscape, with short-term momentum signals conflicting against broader trend indicators.

Technical analysis highlights a horizontal price range between $31.66 and $36.26 over the next three months. Recent price action has shown divergence between volume and price, as rising shares occurred alongside a drop in trading volume by 2 million shares. This divergence, coupled with a -0.48% decline over the past two weeks, suggests potential volatility ahead. Short-term moving averages remain bullish, while long-term averages point to a sell signal, creating a tug-of-war between immediate gains and broader bearish trends.

Key support and resistance levels are positioned at $33.32 and $34.44, respectively. A break above the long-term moving average could trigger a new buy signal, while a fall below the short-term average would reinforce the sell outlook. Analysts note that accumulated volume at $33.32 may offer a near-term buying opportunity, though the stock’s medium-risk profile—marked by 1.93% daily swings—demands caution. A dividend payout of $0.29 is scheduled for September 3, with an ex-dividend date 14 days away.

Backtesting of a high-volume trading strategy revealed a mixed outcome: a $2,940 net profit from December 2022 to August 2025, but with a maximum drawdown of -$1,960. This underscores the strategy’s volatility, as peak-to-trough declines reached 19.6% during the period.