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 09/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 60.98 EUR

My targets

59.19 EUR (-2.17%)

58.32 EUR (-3.60%)

My analysis

The bearish trend is currently very strong for TOTALENERGIES. As long as the price remains below the resistance at 60.98 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 59.19 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 58.32 EUR as an objective. Crossing it would then enable sellers to target 56.14 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

7.1

Comment on the analysis

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.

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

Additional analysis

Quotes

TOTALENERGIES rating 60.50 EUR. On the day, this instrument lost -0.02% with the lowest point at 59.91 EUR and the highest point at 61.02 EUR. The deviation from the price is +0.98% for the low point and -0.85% for the high point.

59.91

61.02

60.50

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

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 Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this TOTALENERGIES chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	58.32	59.19	60.29	60.50	60.98	62.28	63.43
Change (%)	-3.60%	-2.17%	-0.35%	-	+0.79%	+2.94%	+4.84%
Change	-2.18	-1.31	-0.21	-	+0.48	+1.78	+2.93
Level	Intermediate	Intermediate	Minor	-	Major	Major	Minor

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	57.57	59.02	59.76	61.21	61.95	63.40	64.14
Camarilla	59.91	60.11	60.31	60.51	60.71	60.91	61.11
Woodie	57.23	58.84	59.42	61.03	61.61	63.22	63.80
Fibonacci	59.02	59.85	60.37	61.21	62.04	62.56	63.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.99	60.93	61.56	62.50	63.13	64.07	64.70
Camarilla	61.76	61.90	62.05	62.19	62.33	62.48	62.62
Woodie	59.84	60.85	61.41	62.42	62.98	63.99	64.55
Fibonacci	60.93	61.53	61.90	62.50	63.10	63.47	64.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.52	55.76	58.97	61.21	64.42	66.66	69.87
Camarilla	60.69	61.19	61.69	62.19	62.69	63.19	63.69
Woodie	54.02	56.00	59.47	61.45	64.92	66.90	70.37
Fibonacci	55.76	57.84	59.13	61.21	63.29	64.58	66.66

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.35
MACD (12,26,9):	-0.5400
Directional Movement:	-17.74
AROON (14):	-71.43
DEMA (21):	60.47
Parabolic SAR (0,02-0,02-0,2):	59.95
Elder Ray (13):	-0.27
Super Trend (3,10):	61.14
Zig ZAG (10):	60.56
VORTEX (21):	0.7400
Stochastique (14,3,5):	28.50
TEMA (21):	60.17
Williams %R (14):	-74.39
Chande Momentum Oscillator (20):	-1.04
Repulse (5,40,3):	-0.1500
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	5.69

MA7:	61.93
MA20:	61.94
MA50:	62.40
MA100:	63.75
MAexp7:	60.58
MAexp20:	61.15
MAexp50:	61.78
MAexp100:	62.00
Price / MA7:	-2.31%
Price / MA20:	-2.32%
Price / MA50:	-3.04%
Price / MA100:	-5.10%
Price / MAexp7:	-0.13%
Price / MAexp20:	-1.06%
Price / MAexp50:	-2.07%
Price / MAexp100:	-2.42%

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 AI

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