TOTALENERGIES - 1H - Technical analysis published on 12/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 62.33 EUR
My targets
63.28 EUR (+0.75%)
64.59 EUR (+2.83%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TOTALENERGIES as long as the price remains well above 62.33 EUR. The buyers' bullish objective is set at 63.28 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 64.59 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TOTALENERGIES rating is 62.81 EUR. The price has increased by +0.82% since the last closing and was between 62.35 EUR and 62.82 EUR. This implies that the price is at +0.74% from its lowest and at -0.02% from its highest.62.35
62.82
62.81
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this TOTALENERGIES chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 61.71 | 62.33 | 62.60 | 62.81 | 62.98 | 63.28 | 63.56 |
| Change (%) | -1.75% | -0.76% | -0.33% | - | +0.27% | +0.75% | +1.19% |
| Change | -1.10 | -0.48 | -0.21 | - | +0.17 | +0.47 | +0.75 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 61.45 | 61.84 | 62.07 | 62.46 | 62.69 | 63.08 | 63.31 |
| Camarilla | 62.13 | 62.19 | 62.24 | 62.30 | 62.36 | 62.41 | 62.47 |
| Woodie | 61.37 | 61.80 | 61.99 | 62.42 | 62.61 | 63.04 | 63.23 |
| Fibonacci | 61.84 | 62.08 | 62.22 | 62.46 | 62.70 | 62.84 | 63.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.86 | 60.60 | 61.45 | 62.19 | 63.04 | 63.78 | 64.63 |
| Camarilla | 61.86 | 62.01 | 62.15 | 62.30 | 62.45 | 62.59 | 62.74 |
| Woodie | 59.92 | 60.63 | 61.51 | 62.22 | 63.10 | 63.81 | 64.69 |
| Fibonacci | 60.60 | 61.21 | 61.58 | 62.19 | 62.80 | 63.17 | 63.78 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.29 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 15.43 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 62.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 62.08 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 62.06 | |
| Zig ZAG (10): | 62.77 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 83.51 | |
| TEMA (21): | 62.74 | |
| Williams %R (14): | -11.29 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.86 |
| MA7: | 62.18 | |
| MA20: | 61.83 | |
| MA50: | 62.27 | |
| MA100: | 60.87 | |
| MAexp7: | 62.65 | |
| MAexp20: | 62.45 | |
| MAexp50: | 62.25 | |
| MAexp100: | 62.10 | |
| Price / MA7: | +1.01% | |
| Price / MA20: | +1.58% | |
| Price / MA50: | +0.87% | |
| Price / MA100: | +3.19% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +1.14% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on TOTALENERGIES. At the time of publication of this analysis, the latest news 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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