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Is Schlumberger NV (SLB) Stock About to Get Hot Wednesday?

Wednesday, April 28, 2021 02:35 PM | InvestorsObserver Analysts

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Is Schlumberger NV (SLB) Stock About to Get Hot Wednesday?

Overall market sentiment has been neutral on Schlumberger NV (SLB) stock lately. SLB receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,neutral
Schlumberger NV has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SLB!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SLB Stock Today?

Schlumberger NV (SLB) stock is trading at $27.31 as of 2:31 PM on Wednesday, Apr 28, an increase of $1.13, or 4.3% from the previous closing price of $26.18. The stock has traded between $26.16 and $27.44 so far today. Volume today is below average. So far 5,739,253 shares have traded compared to average volume of 12,392,892 shares.

To screen for more stocks like Schlumberger NV click here.

More About Schlumberger NV

Schlumberger is the world's largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: reservoir characterization, drilling, production, and Cameron. It is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Efforts on this front are most visible via the Schlumberger Production Management business, which now accounts for 10% of its revenue.

Click Here to get the full Stock Score Report on Schlumberger NV (SLB) Stock.

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