TOTALENERGIES

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	TTE
ISIN:	FR0000120271

TOTALENERGIES - Daily - Technical analysis published on 01/07/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 48.985 EUR

My targets

51.220 EUR (+1.43%)

52.270 EUR (+3.50%)

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.

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

9.1

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 Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TOTAL rating is 50.500 EUR. On the day, this instrument gained +0.12% and was traded between 50.240 EUR and 50.670 EUR over the period. The price is currently at +0.52% from its lowest and -0.34% from its highest.

50.240

50.670

50.500

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of TOTAL in Daily shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	45.208	46.624	48.985	50.500	50.600	51.220	52.270
Change (%)	-10.48%	-7.68%	-3.00%	-	+0.20%	+1.43%	+3.50%
Change	-5.292	-3.876	-1.515	-	+0.100	+0.720	+1.770
Level	Intermediate	Intermediate	Major	-	Minor	Intermediate	Intermediate

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	49.270	49.700	50.070	50.500	50.870	51.300	51.670
Camarilla	50.220	50.293	50.367	50.440	50.513	50.587	50.660
Woodie	49.240	49.685	50.040	50.485	50.840	51.285	51.640
Fibonacci	49.700	50.006	50.194	50.500	50.806	50.994	51.300

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.279	47.838	48.779	49.338	50.279	50.838	51.779
Camarilla	49.308	49.445	49.583	49.720	49.858	49.995	50.133
Woodie	47.470	47.934	48.970	49.434	50.470	50.934	51.970
Fibonacci	47.838	48.411	48.765	49.338	49.911	50.265	50.838

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.837	44.253	46.404	47.820	49.972	51.388	53.539
Camarilla	47.574	47.901	48.229	48.556	48.883	49.210	49.537
Woodie	43.204	44.437	46.772	48.004	50.339	51.572	53.907
Fibonacci	44.253	45.616	46.457	47.820	49.183	50.025	51.388

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):	76.33
MACD (12,26,9):	0.6790
Directional Movement:	27.807
AROON (14):	85.714
DEMA (21):	49.429
Parabolic SAR (0,02-0,02-0,2):	49.062
Elder Ray (13):	1.409
Super Trend (3,10):	48.548
Zig ZAG (10):	50.510
VORTEX (21):	1.2600
Stochastique (14,3,5):	90.19
TEMA (21):	49.869
Williams %R (14):	-11.04
Chande Momentum Oscillator (20):	2.364
Repulse (5,40,3):	0.6880
ROCnROLL:	1
TRIX (15,9):	0.1170
Courbe Coppock:	9.72

MA7:	49.366
MA20:	48.298
MA50:	47.975
MA100:	46.536
MAexp7:	49.591
MAexp20:	48.663
MAexp50:	47.850
MAexp100:	47.175
Price / MA7:	+2.30%
Price / MA20:	+4.56%
Price / MA50:	+5.26%
Price / MA100:	+8.52%
Price / MAexp7:	+1.83%
Price / MAexp20:	+3.77%
Price / MAexp50:	+5.54%
Price / MAexp100:	+7.05%

News

The last news published on TOTAL 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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