TOTAL S.A. Stock Forecast
TOTAL S.A. stock upgraded to Strong Buy Candidate.
(Updated on Apr 26, 2024)
The TOTAL S.A. stock price gained 1.97% on the last trading day (Friday, 26th Apr 2024), rising from 68.10€ to 69.44€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.03% from a day low at 67.97€ to a day high of 70.03€. The price has risen in 6 of the last 10 days and is up by 0.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately 4.62€ million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.02% during the next 3 months and, with a 90% probability hold a price between 78.63€ and 83.56€ at the end of this 3-month period.
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TOTB.F Signals & Forecast
The TOTAL S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 67.99€ and 65.20€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.26%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, February 20, 2024 with a target of 61.49€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for TOTAL S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 60.36€ and 59.09€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TOTAL S.A. finds support just below today's level at 60.36€. If this is broken, then the next support from accumulated volume will be at 59.09€ and 58.38€.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 2.06€ (3.03%) between high and low. For the last week, the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: 66.09€ (-4.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (TOTB.F) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect TOTAL S.A. to open at 69.15€, and during the day (based on 14 day Average True Range), to move between 68.37€ and 70.51€, which gives a possible trading interval of +/-1.07€ (+/-1.54%) up or down from last closing price. If TOTAL S.A. takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 60.36€, some 9.08€ (13.08%) from the current price of 69.44€, our system finds the risk reward attractive.
Is TOTAL S.A. stock A Buy?
TOTAL S.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.527 Strong Buy Candidate Upgraded
Predicted Opening Price for TOTAL S.A. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 69.15€ ( 0.422%) | 69.44€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOTB.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.21 | 2.54 % | |
| R2 | 70.42 | 1.41 % | ||
| R1 | 69.93 | 0.711 % | ||
| Current price: | 69.44 | |||
| Support | S1 | 68.36 | -1.56 % | |
| S2 | 67.87 | -2.26 % | ||
| S3 | 67.09 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 69.44 | |||
| Support | S1 | 60.36 | -13.08% | |
| S2 | 59.09 | -14.90% | ||
| S3 | 58.38 | -15.93% |
TOTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jul 01, 2024 | 0.790€ | 0% |
| 2 | Mar 20, 2024 | Mar 20, 2024 | Mar 20, 2024 | 0€ | 0% |
| 3 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | 0€ | 0% |
| 4 | Sep 20, 2023 | Sep 20, 2023 | Sep 20, 2023 | 0.740€ | 0% |
| 5 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | 0.740€ | 0% |
FAQ
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