Price sits 3.52% above the 200-SMA, a healthy but not extended cushion that keeps risk/reward favorable. The 50-SMA has turned into first-line dynamic support at 52.47, with the 200-SMA at 51.26 reinforcing the structural floor roughly 3.4% below spot. MACD's positive cross from deeply negative territory signals a shift from distribution to accumulation, and the RSI print of 60.20 shows momentum breadth is engaged yet still has runway before stretched readings near 70. Combined with trade-quality of 82.3 and profit-probability of 98.0, the technical posture is coherent to the upside.
Monday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $LIN, $AMZN, $COST, $SNDK, $FCX, $META.
5 of 5 plays
SLB at 53.06 is pressing above both its 50-SMA (52.47) and 200-SMA (51.26), aligning with the Covered/Long bias as the trend structure flips constructive. The inflection is now because MACD at -0.35 has crossed above its signal at -0.85 while RSI at 60.20 confirms expanding momentum without yet reaching overbought.
EntryPreferred accumulation zone 52.47–52.90 on pullbacks to the 50-SMA; momentum trigger on a sustained close above 53.25.
TargetsFirst target 54.75 — prior supply shelf and ~1x ATR extension from the 50-SMA breakout → Second target 56.40 — measured move continuation if RSI pushes toward the upper-60s
StopDaily close below 51.26 (the 200-SMA) invalidates the setup — it would break the structural trend floor and negate the MACD recovery thesis.
Educational only. Not financial advice.