TotalEnergies Shares Surge 6.83% in a Strong Weekly Uptrend
TotalEnergies' stock has performed exceptionally well this week, climbing 6.83% to close at 61.15 euros on Friday, January 30, 2026. This increase is part of a broader upward trend, with a 12.95% gain over three months and a 9.59% increase over the past year. The French oil group thus demonstrates one of the best performances in the European energy sector during this period.
Technical Analysis Highlights Bullish Acceleration
Technical analysis of TotalEnergies reveals a significant bullish acceleration this week. The stock has broken through its resistance level at 61.15 euros, which now serves as a key zone to watch for the continuation of the trend. Moving averages confirm this momentum: the price is significantly above the 20-day moving average (57.07 euros), the 50-day average (56.44 euros), and the 200-day average (53.70 euros), indicating a well-established upward trend across all time horizons. However, an RSI of 83 indicates a pronounced overbought condition, suggesting that the stock might undergo a phase of consolidation or technical correction in the short term. The one-month volatility stands at 6.26, showing sustained but contained price movements. The next major support is at 49.85 euros, nearly 18% below the current levels, providing a substantial safety margin in case of a reversal.
Analysts Maintain Cautious Stance
From the analysts' perspective, Kepler Cheuvreux reiterated its cautious recommendation on the stock on January 27. The investment bank maintains its 'reduce' advice while slightly adjusting its price target downwards from 52 euros to 51.50 euros. This target implies a potential downside of 16% compared to the weekly closing price, reflecting a contrarian view relative to the recent stock market dynamics of the group. This cautious position comes as TotalEnergies is set to publish its fourth-quarter 2025 results on February 11, an event that should provide visibility into the group's outlook. The financial calendar also schedules the detachment of the third dividend installment on March 31, followed by the general meeting on May 29 and the detachment of the dividend balance on June 30. These milestones represent potential catalysts for the stock's development in the coming months.
