TotalEnergies Shares Climb at the Close of January 21, 2026
TotalEnergies' stock ended the session on Wednesday, January 21, 2026, on a positive note, gaining 1.49% to close at 57.75 euros. This increase comes in a context where the oil group recently published an encouraging business update for the fourth quarter of 2025, with an increase in refining margins and strong growth in hydrocarbon production. The French major also benefits from favorable reviews from several analysts who see a valuation potential in the stock.
Technical Analysis Overview
From a technical analysis standpoint, TotalEnergies displays an encouraging configuration at the close of January 21. The stock is trading above its short and medium-term moving averages, with a price at 57.75 euros while the 50-day moving average is at 55.83 euros and the 200-day at 53.38 euros. This setup indicates a well-established upward trend over the past several weeks, with the stock having risen by 2.16% over seven days and 10% over three months. The MACD indicator reinforces this positive momentum with a MACD line at 0.14 above the signal line at -0.08, generating a positive histogram of 0.22. The Relative Strength Index (RSI) is positioned at 53, a neutral zone that leaves room for further increase without entering overbought territory. The current price has just crossed the major resistance threshold of 57.18 euros, potentially paving the way for new technical targets.
Support from the Financial Community
The TotalEnergies file benefits from notable support from the financial community. In early January, UBS reiterated its buy recommendation on the stock with a price target of 61 euros, representing a potential appreciation of 5.6% compared to the closing price of January 21. Jefferies is even more optimistic with a target set at 66 euros, suggesting a potential rise of 14.3%. These positive assessments are based on several structural elements. The business update published on January 20 for the fourth quarter of 2025 reported a nearly 5% year-over-year increase in hydrocarbon production, exceeding the group's initial target of more than 3% growth for the year. Refining margins in Europe also saw a significant improvement in the last quarter, supporting cash flow generation.
