TotalEnergies Shares Rise 2.21% Against a Declining CAC 40
Shares of the French oil giant traded at €78.51 this Thursday, showing a significant increase from the previous closing at €76.81. This 2.21% rise stands out in a CAC 40 that fell by 0.56% during the session, while the European oil sector showed positive dynamics with Shell up by 1.06% and Engie up by 0.97%.
Recent Analyst Adjustments and Upcoming Corporate Events
Wednesday's session followed notable adjustments by two research firms. Grupo Santander raised its price target from €72.50 to €80 on Wednesday, while maintaining a neutral recommendation on the stock. Meanwhile, CIC Market Solutions began coverage with a target set at €74, also with a neutral opinion. At the current price of €78.51, the stock is slightly below Santander's target and above that of CIC, suggesting limited upside potential according to these institutions.
Regarding the schedule, TotalEnergies will publish its first-quarter 2026 results on April 29, an event that could act as a catalyst for the stock. The general assembly is scheduled for May 29, followed by the detachment of the dividend balance on June 30. The quarterly performance of the stock remains particularly strong, with an increase of more than 47% over three months and nearly 56% over one year.
Technical Analysis and Market Context
Technically, the price of €78.51 is significantly above its 50-day moving average of €69.12, with a gap of over 13%. This distance reflects the marked upward trend of the stock over several weeks. The 200-day moving average at €57.64 further confirms this underlying dynamic.
Bollinger Bands place the price in the upper part of their channel, at 67% of the total amplitude between the lower bound (€68.85) and the upper bound (€83.33). The stock remains below this upper bound, which does not indicate an overbought situation at this stage. The RSI is at 57, in a neutral zone, without any directional excess signal. The next technical resistance threshold is at €81.02, about 3% above the current price. This session occurs in a context of geopolitical tensions around the Strait of Hormuz, with Iran considering, according to the Financial Times, imposing a passage right on tankers transiting through this strategic corridor, through which about 20% of the world's traded crude passes.
