The market has been high on Schlumberger NV (SLB) stock recently. SLB gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SLB Stock Today?
Schlumberger NV (SLB) stock has fallen -2.87% while the S&P 500 has gained 0.52% as of 9:57 AM on Thursday, Sep 17. SLB is lower by -$0.55 from the previous closing price of $19.17 on volume of 784,551 shares. Over the past year the S&P 500 is higher by 13.16% while SLB is lower by -51.22%. SLB lost -$15.77 per share in the over the last 12 months.
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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. The firm 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. Its efforts on this front are most visible via its Schlumberger Production Management (SPM) business, which now accounts for 10% of its revenue.
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