TOTALENERGIES - 1H - Technical analysis published on 06/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 54.536 EUR
My targets
53.379 EUR (-1.04%)
52.260 EUR (-3.11%)
My analysis
TOTALENERGIES is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 54.536 EUR. The next support located at 53.379 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 52.260 EUR. Below this support, sellers could then target 51.810 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
The TOTALENERGIES price is 53.940 EUR. On the day, this instrument lost -0.02% and was traded between 53.720 EUR and 54.200 EUR over the period. The price is currently at +0.41% from its lowest and -0.48% from its highest.53.720
54.200
53.940
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TOTALENERGIES in 1H shows a overall strongly bearish trend. 89.29% 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.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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 | 51.810 | 52.260 | 53.379 | 53.940 | 54.536 | 55.254 | 56.052 |
| Change (%) | -3.95% | -3.11% | -1.04% | - | +1.10% | +2.44% | +3.92% |
| Change | -2.130 | -1.680 | -0.561 | - | +0.596 | +1.314 | +2.112 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | 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 | 52.557 | 53.183 | 53.567 | 54.193 | 54.577 | 55.203 | 55.587 |
| Camarilla | 53.672 | 53.765 | 53.857 | 53.950 | 54.043 | 54.135 | 54.228 |
| Woodie | 52.435 | 53.123 | 53.445 | 54.133 | 54.455 | 55.143 | 55.465 |
| Fibonacci | 53.183 | 53.569 | 53.808 | 54.193 | 54.579 | 54.818 | 55.203 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.337 | 52.503 | 53.727 | 54.893 | 56.117 | 57.283 | 58.507 |
| Camarilla | 54.293 | 54.512 | 54.731 | 54.950 | 55.169 | 55.388 | 55.607 |
| Woodie | 51.365 | 52.518 | 53.755 | 54.908 | 56.145 | 57.298 | 58.535 |
| Fibonacci | 52.503 | 53.416 | 53.980 | 54.893 | 55.806 | 56.370 | 57.283 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.247 | 48.753 | 50.917 | 54.423 | 56.587 | 60.093 | 62.257 |
| Camarilla | 51.521 | 52.041 | 52.560 | 53.080 | 53.600 | 54.120 | 54.639 |
| Woodie | 44.575 | 48.418 | 50.245 | 54.088 | 55.915 | 59.758 | 61.585 |
| Fibonacci | 48.753 | 50.919 | 52.257 | 54.423 | 56.589 | 57.927 | 60.093 |
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): | 34.04 | |
| MACD (12,26,9): | -0.2520 | |
| Directional Movement: | -14.178 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 54.028 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.200 | |
| Elder Ray (13): | -0.331 | |
| Super Trend (3,10): | 54.740 | |
| Zig ZAG (10): | 53.810 | |
| VORTEX (21): | 0.8340 | |
| Stochastique (14,3,5): | 6.62 | |
| TEMA (21): | 53.816 | |
| Williams %R (14): | -91.56 | |
| Chande Momentum Oscillator (20): | -1.090 | |
| Repulse (5,40,3): | -0.2950 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0450 | |
| Courbe Coppock: | 3.21 |
| MA7: | 54.543 | |
| MA20: | 55.044 | |
| MA50: | 56.143 | |
| MA100: | 56.306 | |
| MAexp7: | 54.002 | |
| MAexp20: | 54.311 | |
| MAexp50: | 54.533 | |
| MAexp100: | 54.716 | |
| Price / MA7: | -1.11% | |
| Price / MA20: | -2.01% | |
| Price / MA50: | -3.92% | |
| Price / MA100: | -4.20% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.68% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -1.42% |
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:
- Nigeria: TotalEnergies Makes Oil and Gas Discovery in Offshore OML 102
- TotalEnergies: Disclosure of Transactions in Own Shares
- Kazakhstan: TotalEnergies signs a 25-year PPA for a 1 GW Wind Project
- TotalEnergies Steps up Sustainable Aviation Fuel Production at Grandpuits
- TotalEnergies: 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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