Fresh buy signal, energy sector in the driver's seat
TotalEnergies surges 7.6%: fresh buy ranks fourth among European-UK Longs
Fresh buy signal, energy sector in the driver's seat
Our view last week
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.
This week's summary
TotalEnergies wrapped the week up 7.6%, a second straight bounce after last week's recovery, and a fresh buy signal just kicked in. Our TotalEnergies technical analysis shows the daily chart's run of higher lows backing the move, while Europe's energy sector rallies 4% this week. The stock is hugging its recent highs, with earnings now behind it and the gap risk cleared.
IQS Phase
55
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#4 / 5
New eu-uk stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 4th among the 5 fresh Longs for European-UK stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH1
Sector regimein positive regime
Performanceweekly +4.02% · monthly +9.24%
TTE belongs to the european sector (reference ETF EXH1). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content