TOTALENERGIES - 1H - Technical analysis published on 07/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 53.223 EUR
My targets
54.484 EUR (+1.74%)
55.273 EUR (+3.22%)
My analysis
The bullish trend is currently very strong on TOTALENERGIES. As long as the price remains above the support at 53.223 EUR, you could try to benefit from the boom. The first bullish objective is located at 54.484 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 55.273 EUR as an objective. Crossing it would then enable buyers to target 56.156 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
TOTALENERGIES rating 53.550 EUR. The price registered an increase of +1.90% on the session and was traded between 52.860 EUR and 53.800 EUR over the period. The price is currently at +1.31% from its lowest and -0.46% from its highest.52.860
53.800
53.550
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TOTALENERGIES in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 51.920 | 52.635 | 53.223 | 53.550 | 53.804 | 54.484 | 55.273 |
| Change (%) | -3.04% | -1.71% | -0.61% | - | +0.47% | +1.74% | +3.22% |
| Change | -1.630 | -0.915 | -0.327 | - | +0.254 | +0.934 | +1.723 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.547 | 52.003 | 52.277 | 52.733 | 53.007 | 53.463 | 53.737 |
| Camarilla | 52.349 | 52.416 | 52.483 | 52.550 | 52.617 | 52.684 | 52.751 |
| Woodie | 51.455 | 51.958 | 52.185 | 52.688 | 52.915 | 53.418 | 53.645 |
| Fibonacci | 52.003 | 52.282 | 52.455 | 52.733 | 53.012 | 53.185 | 53.463 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.513 | 50.397 | 51.473 | 52.357 | 53.433 | 54.317 | 55.393 |
| Camarilla | 52.011 | 52.191 | 52.370 | 52.550 | 52.730 | 52.909 | 53.089 |
| Woodie | 49.610 | 50.445 | 51.570 | 52.405 | 53.530 | 54.365 | 55.490 |
| Fibonacci | 50.397 | 51.145 | 51.608 | 52.357 | 53.105 | 53.568 | 54.317 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.795 | 49.037 | 50.794 | 53.036 | 54.793 | 57.035 | 58.792 |
| Camarilla | 51.450 | 51.817 | 52.183 | 52.550 | 52.917 | 53.283 | 53.650 |
| Woodie | 46.552 | 48.916 | 50.551 | 52.915 | 54.550 | 56.914 | 58.549 |
| Fibonacci | 49.037 | 50.565 | 51.509 | 53.036 | 54.564 | 55.508 | 57.035 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.92 | |
| MACD (12,26,9): | 0.2610 | |
| Directional Movement: | 15.337 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 53.013 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.487 | |
| Elder Ray (13): | 0.665 | |
| Super Trend (3,10): | 52.306 | |
| Zig ZAG (10): | 53.480 | |
| VORTEX (21): | 1.1450 | |
| Stochastique (14,3,5): | 73.45 | |
| TEMA (21): | 53.253 | |
| Williams %R (14): | -14.89 | |
| Chande Momentum Oscillator (20): | 1.370 | |
| Repulse (5,40,3): | 0.3020 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0520 | |
| Courbe Coppock: | 3.08 |
| MA7: | 52.370 | |
| MA20: | 53.014 | |
| MA50: | 54.187 | |
| MA100: | 55.069 | |
| MAexp7: | 53.055 | |
| MAexp20: | 52.709 | |
| MAexp50: | 52.533 | |
| MAexp100: | 52.695 | |
| Price / MA7: | +2.25% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | -1.18% | |
| Price / MA100: | -2.76% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +1.60% | |
| Price / MAexp50: | +1.94% | |
| Price / MAexp100: | +1.62% |
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:
- TotalEnergies SE: Disclosure of Transactions in Own Shares
- Energy transition & Renewables: TotalEnergies partners with Petronas in Asia-Pacific
- TotalEnergies Partners with Petronas and Mitsui on a Carbon Storage Hub in Malaysia
- Aramco and TotalEnergies Award Contracts for $11 billion Amiral Project
- Germany: TotalEnergies and VNG Join Forces on Green Hydrogen to Decarbonize the Leuna Refinery
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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