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TOTALENERGIES
TOTALENERGIES
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: TTE
ISIN: FR0000120271

TOTALENERGIES - 1H - Technical analysis published on 06/23/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 53.775 EUR
My targets
52.192 EUR (-0.57%)
51.532 EUR (-1.83%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TOTALENERGIES as long as the price remains well below 53.775 EUR. The next bearish objective for sellers is set at 52.192 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 51.532 EUR. If there is any crossing, the next objective would be the support located at 51.088 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The TOTALENERGIES price is 52.490 EUR. On the day, this instrument lost -0.04% with the lowest point at 52.130 EUR and the highest point at 52.700 EUR. The deviation from the price is +0.69% for the low point and -0.40% for the high point.

52.130
52.700
52.490

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of TOTALENERGIES indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 51.088 51.532 52.192 52.490 52.635 53.775 55.275
Change (%) -2.67% -1.83% -0.57% - +0.28% +2.45% +5.31%
Change -1.402 -0.958 -0.298 - +0.145 +1.285 +2.785
Level Intermediate Minor Intermediate - Major Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard51.06351.73752.12352.79753.18353.85754.243
Camarilla52.21952.31652.41352.51052.60752.70452.802
Woodie50.92051.66551.98052.72553.04053.78554.100
Fibonacci51.73752.14252.39252.79753.20253.45253.857


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard50.94051.80752.42953.29653.91854.78555.407
Camarilla52.64152.77752.91453.05053.18753.32353.460
Woodie50.81751.74652.30653.23553.79554.72455.284
Fibonacci51.80752.37652.72853.29653.86554.21754.785


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.61648.07450.20753.66555.79859.25661.389
Camarilla50.80351.31551.82852.34052.85353.36553.878
Woodie43.95447.74349.54553.33455.13658.92560.727
Fibonacci48.07450.21051.52953.66555.80157.12059.256

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 40.16
MACD (12,26,9): -0.1580
Directional Movement: -15.925
AROON (14): -71.428
DEMA (21): 52.674
Parabolic SAR (0,02-0,02-0,2): 53.365
Elder Ray (13): -0.205
Super Trend (3,10): 53.305
Zig ZAG (10): 52.520
VORTEX (21): 0.9600
Stochastique (14,3,5): 13.91
TEMA (21): 52.567
Williams %R (14): -78.53
Chande Momentum Oscillator (20): -1.280
Repulse (5,40,3): -0.1710
ROCnROLL: 2
TRIX (15,9): -0.0210
Courbe Coppock: 2.32
MA7: 52.913
MA20: 53.407
MA50: 54.798
MA100: 55.211
MAexp7: 52.618
MAexp20: 52.847
MAexp50: 53.037
MAexp100: 53.279
Price / MA7: -0.80%
Price / MA20: -1.72%
Price / MA50: -4.21%
Price / MA100: -4.93%
Price / MAexp7: -0.24%
Price / MAexp20: -0.68%
Price / MAexp50: -1.03%
Price / MAexp100: -1.48%

Quotes : - 15 min delayed data - Euronext Paris

News


The latest news and videos published on TOTALENERGIES at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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