TotalEnergies Stock Forecast
Stronger technical forecast for TotalEnergies stock price after Thursday trading.
(Updated on Apr 25, 2024)
The TotalEnergies stock price gained 1.39% on the last trading day (Thursday, 25th Apr 2024), rising from $72.74 to $73.75. During the last trading day the stock fluctuated 2.09% from a day low at $72.25 to a day high of $73.76. The price has fallen in 5 of the last 10 days but is still up by 1.1% 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, 262 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $102.16 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 16.09% during the next 3 months and, with a 90% probability hold a price between $82.50 and $88.08 at the end of this 3-month period.
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TTE Signals & Forecast
The TotalEnergies 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 $72.39 and $70.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.09%. 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 $64.79. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for TotalEnergies stock
On the downside, the stock finds support just below today's level from accumulated volume at $68.10 and $64.63. 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, TotalEnergies finds support just below today's level at $68.10. If this is broken, then the next support from accumulated volume will be at $64.63 and $63.05.
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 $1.51 (2.09%) between high and low. For the last week, the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: $70.32 (-4.65%) (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 (TTE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect TotalEnergies SE to open at $73.25, and during the day (based on 14 day Average True Range), to move between $72.65 and $74.85, which gives a possible trading interval of +/-$1.10 (+/-1.49%) up or down from last closing price. If TotalEnergies SE takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $68.10, some $5.65 (7.66%) from the current price of $73.75, our system finds the risk reward attractive.
Is TotalEnergies SE stock A Buy?
TotalEnergies 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: 6.781 Strong Buy Candidate Upgraded
Predicted Opening Price for TotalEnergies SE of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $73.25 ( 0.673%) | $73.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.76 | 1.37 % | |
| R2 | 74.19 | 0.592 % | ||
| R1 | 73.83 | 0.109 % | ||
| Current price: | 73.75 | |||
| Support | S1 | 72.68 | -1.46 % | |
| S2 | 72.32 | -1.94 % | ||
| S3 | 71.74 | -2.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 73.75 | |||
| Support | S1 | 68.10 | -7.66% | |
| S2 | 64.63 | -12.37% | ||
| S3 | 63.05 | -14.51% |
TTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 08, 2024 | Mar 18, 2024 | Apr 15, 2024 | $0.597 | 0.83% |
| 2 | Nov 28, 2023 | Dec 28, 2023 | Jan 25, 2024 | $0.81 | 1.25% |
| 3 | Feb 11, 2022 | Sep 15, 2023 | Oct 12, 2023 | $0.790 | 1.21% |
| 4 | May 31, 2023 | Jun 16, 2023 | Jul 17, 2023 | $0.793 | 1.39% |
| 5 | Feb 22, 2023 | Mar 20, 2023 | Jul 17, 2023 | $0.737 | 1.29% |
FAQ
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