TotalEnergies Stock Forecast
Green day on Monday for TotalEnergies
(Updated on May 06, 2024)
The TotalEnergies stock price gained 0.558% on the last trading day (Monday, 6th May 2024), rising from $71.63 to $72.03. During the last trading day the stock fluctuated 0.92% from a day low at $72.03 to a day high of $72.69. The price has been going up and down for this period, and there has been a -0.77% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 335 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $77.65 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $71.78 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.99% during the next 3 months and, with a 90% probability hold a price between $84.69 and $89.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TTE Signals & Forecast
The TotalEnergies stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $72.61. On a fall, the stock will find some support from the long-term average at approximately $71.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found. 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.
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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.660 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: $68.49 (-4.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (TTE) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TotalEnergies SE to open at $72.25, and during the day (based on 14 day Average True Range), to move between $70.97 and $73.09, which gives a possible trading interval of +/-$1.06 (+/-1.47%) up or down from last closing price. If TotalEnergies SE takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $72.17 (0.19%) than the support at $68.10 (5.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is TotalEnergies SE stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TotalEnergies stock to perform well in the short-term.
Current score: 4.303 Buy Candidate Unchanged
Predicted Opening Price for TotalEnergies SE of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$72.25 ( 0.305%) | $72.03 |
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 | 72.91 | 1.22 % | |
R2 | 72.66 | 0.87 % | ||
R1 | 72.50 | 0.655 % | ||
Current price: | 72.03 | |||
Support | S1 | 72.00 | -0.0446 % | |
S2 | 71.84 | -0.261 % | ||
S3 | 71.59 | -0.611 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 74.56 | 3.51 % | |
R2 | 72.47 | 0.611 % | ||
R1 | 72.17 | 0.194 % | ||
Current price | 72.03 | |||
Support | S1 | 68.10 | -5.46% | |
S2 | 64.63 | -10.27% | ||
S3 | 63.05 | -12.47% |
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
Click here for our free guide on how to buy TotalEnergies Stock.