TOTALENERGIES - 1H - Technical analysis published on 12/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 61.71 EUR
My targets
62.60 EUR (+0.87%)
62.98 EUR (+1.48%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TOTALENERGIES. As long as you are above the support located at 61.71 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 62.60 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 62.98 EUR as an objective. Crossing it would then enable buyers to target 63.56 EUR. If the support 61.71 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TOTALENERGIES price is 62.06 EUR. The price registered a decrease of -0.15% on the session and was between 61.93 EUR and 62.43 EUR. This implies that the price is at +0.21% from its lowest and at -0.59% from its highest.61.93
62.43
62.06
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.69 | 61.32 | 61.71 | 62.06 | 62.30 | 62.60 | 62.98 |
| Change (%) | -2.21% | -1.19% | -0.56% | - | +0.39% | +0.87% | +1.48% |
| Change | -1.37 | -0.74 | -0.35 | - | +0.24 | +0.54 | +0.92 |
| Level | Major | Minor | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 60.86 | 61.43 | 61.79 | 62.36 | 62.72 | 63.29 | 63.65 |
| Camarilla | 61.89 | 61.98 | 62.07 | 62.15 | 62.24 | 62.32 | 62.41 |
| Woodie | 60.76 | 61.38 | 61.69 | 62.31 | 62.62 | 63.24 | 63.55 |
| Fibonacci | 61.43 | 61.79 | 62.01 | 62.36 | 62.72 | 62.94 | 63.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.62 | 59.76 | 60.70 | 61.84 | 62.78 | 63.92 | 64.86 |
| Camarilla | 61.06 | 61.25 | 61.44 | 61.63 | 61.82 | 62.01 | 62.20 |
| Woodie | 58.51 | 59.71 | 60.59 | 61.79 | 62.67 | 63.87 | 64.75 |
| Fibonacci | 59.76 | 60.56 | 61.05 | 61.84 | 62.64 | 63.13 | 63.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.56 | 57.91 | 60.09 | 62.44 | 64.62 | 66.97 | 69.15 |
| Camarilla | 61.01 | 61.43 | 61.85 | 62.26 | 62.68 | 63.09 | 63.51 |
| Woodie | 55.47 | 57.87 | 60.00 | 62.40 | 64.53 | 66.93 | 69.06 |
| Fibonacci | 57.91 | 59.64 | 60.71 | 62.44 | 64.17 | 65.24 | 66.97 |
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): | 50.62 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 10.84 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 62.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.74 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 62.78 | |
| Zig ZAG (10): | 62.13 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 36.52 | |
| TEMA (21): | 62.14 | |
| Williams %R (14): | -67.24 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.43 |
| MA7: | 61.86 | |
| MA20: | 61.89 | |
| MA50: | 62.30 | |
| MA100: | 60.71 | |
| MAexp7: | 62.16 | |
| MAexp20: | 62.14 | |
| MAexp50: | 62.05 | |
| MAexp100: | 61.97 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | -0.39% | |
| Price / MA100: | +2.22% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.15% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on TOTALENERGIES at the time of the generation of this analysis was as follows:
- Norway: TotalEnergies acquires a 40% interest in a CO2 Storage exploration license
- TotalEnergies SE: Disclosure of Transactions in Own Shares
- Australia: TotalEnergies Acquires a 26% Interest in the Cash-Maple Gas Discoveries for the Long-term Supply of Ichthys LNG
- TotalEnergies SE: Statement in compliance with the article 223-16 of the General Regulation of the Financial Markets Authority (Autorité des marchés financiers)
- TotalEnergies SE: Disclosure of Transactions in Own Shares
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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