TotalEnergies: a positive confirmation, read with caution
TotalEnergies stock rises 0.7%, but ADX and distribution phase cool the confirmation
TotalEnergies: a positive confirmation, read with caution
Our view last week
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.
This week's summary
Behind TotalEnergies' 0.7% weekly gain sits a warning: weekly ADX is losing steam (24.4, trending down) and the price action flags a distribution phase underway. This is the first confirmation week of the buy signal that fired seven days ago, and the higher close is not enough to clear the doubts. In our TotalEnergies stock technical analysis, our model reads technical weakness and suggests trimming part of the position, cautiously.
IQS Phase
63
ordinary
Signal Strength
58
medium
Sizing
STANDARD
Ranking
#19 / 61
EU-UK stocks in progress
Trade P&L %
+0.69%
from signal to date, no stop loss
Rank position
ranks 19th among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 58 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXH1
Sector regimein positive regime
Performanceweekly +0.11% · monthly +10.65%
TTE belongs to the european sector (reference ETF EXH1). The sector is classified in positive regime according to our weekly reading.
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