TOTALENERGIES - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
0%
56%
My opinion
Bullish above 48.985 EUR
My targets
51.220 EUR (+4.28%)
52.270 EUR (+6.41%)
My analysis
TOTAL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 48.985 EUR. The next resistance located at 51.220 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 52.270 EUR. After this resistance, buyers could then target 54.500 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TOTAL price is 49.120 EUR. The price registered an increase of +0.19% on the session and was traded between 48.870 EUR and 49.340 EUR over the period. The price is currently at +0.51% from its lowest and -0.45% from its highest.48.870
49.340
49.120
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TOTAL chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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 : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.617 | 47.867 | 48.985 | 49.120 | 51.220 | 52.270 | 54.500 |
| Change (%) | -5.10% | -2.55% | -0.27% | - | +4.28% | +6.41% | +10.95% |
| Change | -2.503 | -1.253 | -0.135 | - | +2.100 | +3.150 | +5.380 |
| Level | Major | Minor | Major | - | Minor | Major | 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 | 48.263 | 48.552 | 48.788 | 49.077 | 49.313 | 49.602 | 49.838 |
| Camarilla | 48.881 | 48.929 | 48.977 | 49.025 | 49.073 | 49.121 | 49.169 |
| Woodie | 48.238 | 48.539 | 48.763 | 49.064 | 49.288 | 49.589 | 49.813 |
| Fibonacci | 48.552 | 48.752 | 48.876 | 49.077 | 49.277 | 49.401 | 49.602 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.693 | 48.162 | 48.718 | 49.187 | 49.743 | 50.212 | 50.768 |
| Camarilla | 48.993 | 49.087 | 49.181 | 49.275 | 49.369 | 49.463 | 49.557 |
| Woodie | 47.738 | 48.184 | 48.763 | 49.209 | 49.788 | 50.234 | 50.813 |
| Fibonacci | 48.162 | 48.553 | 48.795 | 49.187 | 49.578 | 49.820 | 50.212 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.917 | 42.618 | 44.877 | 46.578 | 48.837 | 50.538 | 52.797 |
| Camarilla | 46.046 | 46.409 | 46.772 | 47.135 | 47.498 | 47.861 | 48.224 |
| Woodie | 41.195 | 42.758 | 45.155 | 46.718 | 49.115 | 50.678 | 53.075 |
| Fibonacci | 42.618 | 44.131 | 45.066 | 46.578 | 48.091 | 49.026 | 50.538 |
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): | 61.72 | |
| MACD (12,26,9): | 0.6890 | |
| Directional Movement: | 5.566 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 49.470 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.626 | |
| Elder Ray (13): | 0.201 | |
| Super Trend (3,10): | 47.300 | |
| Zig ZAG (10): | 49.145 | |
| VORTEX (21): | 1.1390 | |
| Stochastique (14,3,5): | 80.47 | |
| TEMA (21): | 49.663 | |
| Williams %R (14): | -19.93 | |
| Chande Momentum Oscillator (20): | 1.385 | |
| Repulse (5,40,3): | 0.2720 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2270 | |
| Courbe Coppock: | 6.87 |
| MA7: | 49.257 | |
| MA20: | 48.569 | |
| MA50: | 47.310 | |
| MA100: | 46.496 | |
| MAexp7: | 49.148 | |
| MAexp20: | 48.548 | |
| MAexp50: | 47.514 | |
| MAexp100: | 46.998 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | +3.83% | |
| Price / MA100: | +5.64% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +1.18% | |
| Price / MAexp50: | +3.38% | |
| Price / MAexp100: | +4.52% |
News
Don"t forget to follow the news on TOTAL. At the time of publication of this analysis, the latest news was as follows:
- Plastics Recycling: Total Announces Plans to Double Its Capacity of Recycled Polypropylene for the Automotive Industry
- China: Total and Zhejiang Energy Group Join Forces to Develop the Growing Low Sulfur Marine Fuel Market
- New Marine Fuels: Total’s First LNG Bunker Vessel Launched
- Total Opens a Digital Factory to Further its Ambition of Becoming the Responsible Energy Major
- TOTAL: Main Indicators
This member declared not having a position on this financial instrument or a related financial instrument.
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