Price sits 3.47% above the 200-SMA and roughly 1.2% above the rising 50-SMA, confirming trend support stacking beneath spot. The MACD gap of +0.61 above signal, still below zero, is a classic early-cycle momentum turn — most of the move is likely ahead if 52.46 holds. RSI at 60.26 shows constructive demand with headroom to ~70 before stretched readings. The 51.30 (200-SMA) line is the structural pivot; losing it would flip the trend read.
Tuesday 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, $ASML, $COST, $FCX, $JPM, $RBLX.
5 of 5 plays
SLB trades at 53.08, holding above both the 50-SMA (52.46) and 200-SMA (51.30) in a stacked bullish configuration. With MACD (-0.09) crossing up through its signal (-0.70) and RSI at 60.26, momentum is inflecting higher without yet being overbought.
EntryAccumulate on pullbacks into 52.46–52.80 (50-SMA retest); add on strength above 53.50 reclaim with MACD crossing zero.
Targets54.75 — prior swing resistance zone, ~3.1% upside → 56.40 — measured move extension, ~6.2% upside
StopDaily close below 51.30 (200-SMA) invalidates the long thesis — it would break the stacked-MA structure and signal failed inflection.
Educational only. Not financial advice.