Closing Note
updated 2026-07-24 14:52 UTC

SLB — oversold signal, 07 May

short term
RSI(2)4.9
RSI(14)47.6
Close $ · flag day53.00
Off 20-day high−7.3%
Avg volume14.2M

What followed

DateClose $ 5-day avg.vs flag close
07 May53.0055.34+0.0%
08 May53.2754.61+0.5%
11 May54.9354.47+3.6%
12 May55.6454.40+5.0%
13 May55.3854.44+4.5%
14 May55.7554.99+5.2%
15 May55.3855.42+4.5%
18 May57.1555.86+7.8%
19 May56.7756.09+7.1%
20 May57.2856.47+8.1%
21 May57.2556.77+8.0%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 07 May. The freshest lists go out in the daily alert at 21:30 CET.