TotalEnergies Shares Rebound 2.46% After a Week of Decline: Oversold Zone in Sight
The stock of the French oil and gas giant rebounds this Monday, driven by a catch-up movement after a nearly 5% decline over the past seven days. At €74.87, the share is still operating in a delicate technical environment, close to low zones on several indicators. The first quarter 2026 results, expected on April 29, are the next major milestone for the stock.
Morning Recovery Amidst a Mixed Market
TotalEnergies shares are up 2.46% to €74.87 by mid-morning, after closing at €73.07 on Friday. This rebound follows a week of decline that erased some of the gains accumulated over three months (+33.43%). However, the performance remains solid over a year, at nearly +45%. This upward movement occurs in a contrasting stock market context in Paris: the CAC 40 is down 1.13% during the session, while the SBF 120 declines by 1.08%. In contrast, Germany's DAX shows a gain of 2.27%. In the energy sector, Shell is up 2.60% in Europe, a pace comparable to that of TotalEnergies. Across the Atlantic, the major American companies ended the previous week with significant declines: ExxonMobil down 3.65%, Chevron 2.21%, and ConocoPhillips 4.55%. Today's rebound in Europe could thus reflect a pace shift relative to Wall Street.
Technical Analysis Indicates Potential Oversold Condition
Technically, TotalEnergies' stock price is in the lower part of its Bollinger Bands, only 8% above the lower boundary set at €74.29, signaling a potential oversold zone. The upper boundary, at €81.59, remains distant. The RSI is at 43, a moderate level that does not indicate an extreme signal but confirms a lack of buying momentum in recent sessions. The 50-day moving average (€71.49) remains below the current price, preserving a medium-term trend that is still favorably oriented. The next identified catalyst is the publication of the first quarter results, scheduled for April 29. This will be followed by the general assembly on May 29 and the detachment of the dividend balance on June 30. These upcoming deadlines are likely to fuel activity on the stock in the coming weeks. The technical support threshold is at €66.63, while the nearest resistance is at €81.02, framing a wide range that reflects the stock's recent volatility.
