TotalEnergies Shares Hit All-Time High at €79.99, Boosted by Brent at $115

Geopolitical Tensions and Oil Supply Risks

The entry into war by the Houthis, supported by Iran, and the deployment of American military reinforcements in the region triggered a nearly 10% surge in Brent in a single session, pushing the barrel above $115. This escalation poses a major risk of disruptions to the global oil supply. Attempts by Donald Trump to calm the situation on his Truth Social network have not sufficed to contain the rise in black gold prices. TotalEnergies directly benefits from this surge: the stock traded at €79.99 by late morning, setting a new all-time high. Over the past seven days, the stock has gained 3.94%, while the three-month increase reaches 42.97%. In contrast, the CAC 40 slightly declined by 0.16% during the session, indicating that the bullish momentum of the oil stock distinctly stands out from the general trend of the Paris market. In the sector, Shell is up 1.39% and Engie has advanced 1.98%.

Technical Breakthrough and Upcoming Events

Technically, TotalEnergies' stock price has broken through the resistance identified at €79.09, a level that had previously acted as a ceiling. This breakthrough occurs while the stock is trading well above its 50-day moving average, located at €66.48, indicating a pronounced bullish momentum over recent weeks. The RSI, an indicator measuring the rate of price change, stands at 74, above the commonly considered overbought threshold of 70. On the calendar, investors should note that the detachment of the third dividend installment is scheduled for tomorrow, Tuesday, March 31st. The first quarter 2026 results are expected on April 29, an occasion that will gauge the impact of the recent crude price increase on the group's accounts. The general meeting is scheduled for May 29.