Open BUY · week 11
TotalEnergies rebounds 5.5% off the 75 area and puts the highs back within reach
Our view last week
A week ago the highs in the 81 area had yet to turn price away; this week the stock backed off, down 6.9% after 4 straight weekly gains. Technical analysis of TotalEnergies stock shows the weekly MACD back under its Signal line and a price action that points to distribution. Price closed below the first stop level (SL1) flagged in last week's card (75.46 area): for anyone following that level the trade is closed. The close and the Inversion Point, in the 75 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
This week's summary
TotalEnergies climbed 5.5% and won back most of last week's slide: the rebound started in the 75 area, where the Inversion Point sits, and lifted price back above its 20-day moving average. TotalEnergies stock is now less than 4% below its all-time high, yet the weekly technical analysis calls for restraint: the MACD is still under its Signal line, the ADX has been falling for 3 weeks and price action still points to distribution. Earnings are due on October 29.
IQS Phase
40
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#7 / 25
EU-UK stocks in progress
Trade P&L %
+3.47%
from signal to date, no stop loss
TotalEnergies (TTE) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 7th among the 25 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH1
Sector regimein strong phase
Performanceweekly +3.99% · monthly +3.40%
TTE belongs to the european sector (reference ETF EXH1). The sector is classified in strong phase according to our weekly reading.
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