TotalEnergies Shares Surge 2.06% with Brent at $100 and Goldman at €75

Clear Technical Reading of the Stock

The technical analysis of the stock is unambiguous: the two signals observed today are aligned. The RSI, at 72, surpasses the overbought threshold set at 70 for the first time since early March—it was still at 65 the previous day. On the chart, the price is now clearly above the upper Bollinger band (€70.65), having crossed its resistance at €70.40 during the session. The 50-day (€61.92) and 200-day (€55.64) moving averages are significantly exceeded, indicating a strong underlying trend over several weeks. The three-month performance reached 29.25%, making the stock one of the most dynamic on the Paris stock exchange over the period.

Technical Convergence Explained by Oil News

The technical convergence is explained by international oil news. On March 13, Brent surpassed the symbolic threshold of $100 per barrel, reaching $100.50, amid the 14th day of an armed conflict in the Middle East involving the blockade of the Strait of Hormuz. This surge, following an increase of over 8% recorded as early as March 12, serves as a direct catalyst for major integrated companies like TotalEnergies, whose exploration-production revenues are mechanically correlated with crude oil prices. Goldman Sachs also updated its opinion on the stock today, raising its price target from €68 to €75 with a neutral recommendation. This adjustment comes as the price has already largely caught up with the previous target. Additionally, the financial calendar for the group schedules the detachment of the third dividend installment on March 31, followed by the publication of the first quarter 2026 results on April 29.