TotalEnergies: the decline slows, buyers step back in
TotalEnergies rallies 3.1% as buyers retake control of volume
TotalEnergies: the decline slows, buyers step back in
Our view last week
TotalEnergies bounces 2.2%, and the sell signal — in our weekly technical analysis — loses its edge: signal strength drops to 6 out of 100, the lowest reading since it began. The stock slides from 12th to 36th among the 54 European sell signals, while sellers still dominate daily volume (70%). The three-week observation window closes without confirmation: discipline calls for patience before opening new positions.
This week's summary
TotalEnergies posts a second straight bounce, up 3.1% this week: in our weekly technical analysis, the turn shows up in volume too, with buyers back in the majority (56%) and the seller dominance of a month ago, near 95%, now flipped. The RSI climbs back above 50 and the ADX falls for a fourth straight week: the trend keeps losing conviction.
IQS Phase
61
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#53 / 53
EU-UK stocks
Trade P&L %
+0.79%
from signal to today
restricted Platinum content