TOTALENERGIES - 1H - Technical analysis published on 12/11/2023 (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 bullish
Underlying:
Neutral
Technical indicators
83%
6%
11%
My opinion
Bullish above 61.56 EUR
My targets
62.59 EUR (+1.13%)
62.96 EUR (+1.73%)
My analysis
The current short-term bullish acceleration on TOTALENERGIES should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 61.56 EUR. Short-term buyers will use the resistance located at 62.59 EUR as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 62.96 EUR. Crossing this resistance would then open the door for buyers to target 63.56 EUR. Caution, if there is a return to under 61.56 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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Additional analysis
Quotes
The TOTALENERGIES rating is 61.89 EUR. On the day, this instrument lost -0.02% and was between 61.48 EUR and 62.34 EUR. This implies that the price is at +0.67% from its lowest and at -0.72% from its highest.61.48
62.34
61.89
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TOTALENERGIES indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60.78 | 61.11 | 61.56 | 61.89 | 62.03 | 62.59 | 62.96 |
| Change (%) | -1.79% | -1.26% | -0.53% | - | +0.23% | +1.13% | +1.73% |
| Change | -1.11 | -0.78 | -0.33 | - | +0.14 | +0.70 | +1.07 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 60.08 | 60.47 | 61.19 | 61.58 | 62.30 | 62.69 | 63.41 |
| Camarilla | 61.60 | 61.70 | 61.80 | 61.90 | 62.00 | 62.10 | 62.21 |
| Woodie | 60.24 | 60.55 | 61.35 | 61.66 | 62.46 | 62.77 | 63.57 |
| Fibonacci | 60.47 | 60.90 | 61.16 | 61.58 | 62.01 | 62.27 | 62.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.24 | 59.83 | 60.86 | 61.45 | 62.48 | 63.07 | 64.10 |
| Camarilla | 61.46 | 61.60 | 61.75 | 61.90 | 62.05 | 62.20 | 62.35 |
| Woodie | 59.47 | 59.94 | 61.09 | 61.56 | 62.71 | 63.18 | 64.33 |
| Fibonacci | 59.83 | 60.45 | 60.83 | 61.45 | 62.07 | 62.45 | 63.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.56 | 57.91 | 60.09 | 62.44 | 64.62 | 66.97 | 69.15 |
| Camarilla | 61.01 | 61.43 | 61.85 | 62.26 | 62.68 | 63.09 | 63.51 |
| Woodie | 55.47 | 57.87 | 60.00 | 62.40 | 64.53 | 66.93 | 69.06 |
| Fibonacci | 57.91 | 59.64 | 60.71 | 62.44 | 64.17 | 65.24 | 66.97 |
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): | 60.38 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 14.19 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 61.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.37 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 60.98 | |
| Zig ZAG (10): | 61.83 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 65.39 | |
| TEMA (21): | 61.84 | |
| Williams %R (14): | -28.42 | |
| Chande Momentum Oscillator (20): | 0.66 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.10 |
| MA7: | 61.45 | |
| MA20: | 62.09 | |
| MA50: | 62.18 | |
| MA100: | 60.06 | |
| MAexp7: | 61.68 | |
| MAexp20: | 61.43 | |
| MAexp50: | 61.47 | |
| MAexp100: | 61.76 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -0.47% | |
| Price / MA100: | +3.05% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +0.21% |
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:
- Norway: TotalEnergies acquires a 40% interest in a CO2 Storage exploration license
- TotalEnergies SE: Disclosure of Transactions in Own Shares
- Australia: TotalEnergies Acquires a 26% Interest in the Cash-Maple Gas Discoveries for the Long-term Supply of Ichthys LNG
- TotalEnergies SE: Statement in compliance with the article 223-16 of the General Regulation of the Financial Markets Authority (Autorité des marchés financiers)
- TotalEnergies SE: 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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