TotalEnergies SE Stock Forecast

Red day on Thursday for TotalEnergies SE stock after losing 0%
(Updated on Jun 27, 2024)

TTE.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.01%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TotalEnergies SE stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 62.19€ and 64.84€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for TotalEnergies SE stock

TotalEnergies SE finds support from accumulated volume at 61.78€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.480€ (0.776%) between high and low. For the last week, the stock has had daily average volatility of 1.56%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TTE.PA) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect TotalEnergies SE to open at 62.09€, and during the day (based on 14 day Average True Range), to move between 60.87€ and 63.21€, which gives a possible trading interval of +/-1.17€ (+/-1.88%) up or down from last closing price. If TotalEnergies SE takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 61.78€ (0.42%) than the resistance at 62.31€ (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is TotalEnergies SE stock A Buy?

TotalEnergies SE holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.934 Sell Candidate Unchanged

Predicted Opening Price for TotalEnergies SE of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.