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 12/03/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

50%

28%

22%

My opinion

Bearish under 54.972 EUR

My targets

53.902 EUR (-1.28%)

51.637 EUR (-5.43%)

My analysis

In a bearish trend, the price of TOTALENERGIES tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 54.972 EUR. A bearish break in the support located at 53.902 EUR would revive the bearish momentum and fuel the basic trend. Then the price could move towards 51.637 EUR. Then 47.748 EUR by extension. It would be safer to wait for a bearish break in the support located at 53.902 EUR before allowing yourself to re trade short positions (for sale) on TOTALENERGIES. PS: if there is a bullish break in the resistance located at 54.972 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

0.7

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.

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Additional analysis

Quotes

TOTALENERGIES rating 54.600 EUR. On the day, this instrument gained +1.49% and was between 53.880 EUR and 54.700 EUR. This implies that the price is at +1.34% from its lowest and at -0.18% from its highest.

53.880

54.700

54.600

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

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 bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	39.278	47.748	53.902	54.600	54.972	55.429	56.936
Change (%)	-28.06%	-12.55%	-1.28%	-	+0.68%	+1.52%	+4.28%
Change	-15.322	-6.852	-0.698	-	+0.372	+0.829	+2.336
Level	Major	Intermediate	Minor	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.267	52.973	53.387	54.093	54.507	55.213	55.627
Camarilla	53.492	53.595	53.697	53.800	53.903	54.005	54.108
Woodie	52.120	52.900	53.240	54.020	54.360	55.140	55.480
Fibonacci	52.973	53.401	53.666	54.093	54.521	54.786	55.213

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.593	51.637	53.303	55.347	57.013	59.057	60.723
Camarilla	53.950	54.290	54.630	54.970	55.310	55.650	55.990
Woodie	49.405	51.543	53.115	55.253	56.825	58.963	60.535
Fibonacci	51.637	53.054	53.929	55.347	56.764	57.639	59.057

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.633	50.657	52.813	55.837	57.993	61.017	63.173
Camarilla	53.546	54.020	54.495	54.970	55.445	55.920	56.395
Woodie	47.200	50.440	52.380	55.620	57.560	60.800	62.740
Fibonacci	50.657	52.635	53.858	55.837	57.815	59.038	61.017

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):	53.00
MACD (12,26,9):	-0.1360
Directional Movement:	3.860
AROON (14):	-57.142
DEMA (21):	54.164
Parabolic SAR (0,02-0,02-0,2):	54.700
Elder Ray (13):	0.260
Super Trend (3,10):	54.737
Zig ZAG (10):	54.510
VORTEX (21):	1.0340
Stochastique (14,3,5):	28.21
TEMA (21):	54.374
Williams %R (14):	-26.15
Chande Momentum Oscillator (20):	-0.070
Repulse (5,40,3):	0.7900
ROCnROLL:	-1
TRIX (15,9):	-0.0270
Courbe Coppock:	1.11

MA7:	54.644
MA20:	56.263
MA50:	58.610
MA100:	59.770
MAexp7:	54.236
MAexp20:	54.363
MAexp50:	54.811
MAexp100:	55.573
Price / MA7:	-0.08%
Price / MA20:	-2.96%
Price / MA50:	-6.84%
Price / MA100:	-8.65%
Price / MAexp7:	+0.67%
Price / MAexp20:	+0.44%
Price / MAexp50:	-0.38%
Price / MAexp100:	-1.75%

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:

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

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