Seadrill's 15-min chart sees MACD Death Cross, KDJ Death Cross, and Bearish Marubozu.

Based on Seadrill's 15-minute chart, the MACD and KDJ indicators have both signaled bearish momentum, and the stock price has exhibited a bearish Marubozu pattern. This suggests that the stock price may continue to decline and that sellers are currently in control of the market. Furthermore, the momentum of the stock price appears to be shifting towards the downside, which may lead to further decreases in the stock price.

Schlumberger (SLB), the world's largest oilfield services company, experienced a significant bearish signal on its 15-minute chart recently. Based on the chart, both the Moving Average Convergence Divergence (MACD) and Stochastic Klinger Divergent Joint (KDJ) indicators signaled a "Death Cross" at 09:45 on November 20, 2024 [1]. This bearish pattern, which occurs when a stock's short-term moving average crosses below its long-term moving average, suggests a potential continuation of the downward trend in Schlumberger's stock price.

The MACD Death Cross is a well-known bearish signal that can indicate a shift in momentum. Traders may use this signal as an opportunity to sell their positions or short the stock, expecting further depreciation [1]. Similarly, the appearance of a KDJ Death Cross, which measures the relationship between a stock's price and its average price over a specific period, can be seen as a bearish signal that a significant decline in the stock price is likely [1].

These bearish signals are not isolated to Schlumberger. The energy sector has been facing challenges with concerns over demand growth and oversupply [2]. Recent data showed that the U.S. oil rig count fell for the third straight week, which may further contribute to downward pressure on energy sector stocks, including Schlumberger [2].

It is essential to note that while these technical indicators can provide valuable insights into the potential direction of a stock's price, they should not be used in isolation. Other factors, such as fundamental analysis and economic indicators, should also be considered before making investment decisions [1].

Despite the bearish signals, Schlumberger's fundamentals remain solid. The company reported strong third-quarter earnings, with revenue up 12% year-over-year and earnings per share up 26% year-over-year [3]. However, the company's stock price has underperformed the market, with a year-to-date return of -21% compared to the S&P 500's year-to-date return of -14% [4].

In conclusion, Schlumberger's bearish 15-minute chart, which displays both a MACD and KDJ Death Cross, suggests a potential continuation of the downward trend in the company's stock price. However, it is essential to consider these indicators in conjunction with other factors before making any investment decisions.

References:

[1] Ainvest. (2024, November 20). Rhythm's 15min chart: MACD death cross, KDJ death cross indicators triggered. Retrieved from https://www.ainvest.com/news/rhythm-s-15min-chart-macd-death-cross-kdj-death-cross-indicators-triggered-24111000e9c82afdffdb932f/

[2] Reuters. (2024, November 17). U.S. oil rig count falls for third straight week. Retrieved from https://www.reuters.com/business/energy/us-oil-rig-count-falls-for-third-straight-week-2024-11-17/

[3] Schlumberger. (2024). Q3 2024 Results. Retrieved from https://www.slb.com/en/investors/financial-reports/quarterly-reports/Pages/default.aspx

[4] Yahoo Finance. (2024). Schlumberger Inc. (SLB). Retrieved from https://finance.yahoo.com/quote/SLB/history?p=SLB