TotalEnergies Shares Hit a New Historical Record at 70.11 Euros

Record-Breaking Session

During the session, TotalEnergies set a new absolute high at 70.11 euros, surpassing the previous record set on April 26, 2024. By midday, the stock was trading at 69.18 euros, up 2.82% from Friday. This acceleration occurred as two major institutions simultaneously revised their assessments of the stock. JP Morgan upgraded its recommendation from 'neutral' to 'overweight,' raising its price target from 63 to 75 euros, which represents a potential increase of about 8.4% from the current level. Citi, on the other hand, maintained its buy rating while raising its target from 71 to 75 euros. These two targets now converge at a level significantly above Monday's price. Over the week, the stock has gained 5.72%, with a quarterly performance of nearly 22%. Over the year, the stock has risen by 19.73%, illustrating a consistently upward trajectory for several months.

Technical Breakthrough

Technically, breaking through the resistance at 67.55 euros is a significant signal: this threshold, which had capped the stock for several weeks, gave way under Monday's buying pressure. The price is now above the upper Bollinger Band (68.61 euros), a configuration that generally indicates a significant extension of the bullish movement. The RSI, an indicator measuring the speed and magnitude of recent price changes, stands at 79, well beyond the usual overheating threshold of 70. This level suggests that the buying momentum is particularly strong, but a potential short-term exhaustion should not be ruled out. TotalEnergies' financial calendar includes the detachment of the third dividend installment on March 31, followed by the publication of the first quarter 2026 results on April 29. The general meeting is scheduled for May 29.