TOTALENERGIES Shares Up 3.82% Over the Week, Closing at €54.10 with a 2.02% Increase
TotalEnergies ended Thursday, October 23, on a positive note, gaining 2.02% to close at €54.10. This rebound contrasts with recent turbulence due to the publication of third-quarter estimates and a legal conviction for deceptive practices regarding climate commitments. Over the week, the energy giant's stock has accumulated a 3.82% increase, indicating some resilience amidst mounting challenges.
Market Context and Weekly Performance
Today's rise occurs in a slightly bullish French market, with the CAC 40 up by 0.23% during the same session. TotalEnergies modestly outperforms the benchmark index. On a weekly horizon, the hydrocarbon giant's stock continues its recovery from previous days, accumulating a 3.82% gain. However, this performance remains fragile given the annual context: over twelve months, TotalEnergies has declined by 10.21%, barely outperforming the CAC 40's gain of 9.17% over the same period. The disparity reveals a relative underperformance of the sector compared to broader markets. Trading volumes remain contained, with 0.2% of the capital in rotation, reflecting moderate trading activity on the stock. This limited liquidity suggests a market without strong directional conviction in the short term. The valuation multiples applied by the market indicate a 2025 P/E ratio of 9.27 times and an estimated yield of 6.63% for 2025, positioning the stock as a regular income prospect for savings portfolios.
Financial Forecasts and Legal Challenges
This Thursday morning, TotalEnergies released its financial forecasts for the third quarter of 2025. The session included downward revisions of estimates: earnings per share for 2025 were reduced to €5.88 from previously higher expectations (a decrease of 7.0%), while projections for 2026 were cut by 4.2% to €6.09 per share. These adjustments reflect a more challenging operating environment than anticipated. In the afternoon, a judicial news item tarnished the group: TotalEnergies was convicted for deceptive commercial practices related to its climate commitments. This decision raises questions about regulatory compliance and image, particularly sensitive for an oil company exposed to increasing demands for energy transition. Despite these two negative events occurring on the same day, the stock ultimately concluded with a rebound. This contradictory sequence raises questions about the market's fragmented reaction to mixed messages.
Technical Indicators and Market Dynamics
Technically, TotalEnergies is now positioned above its short-term moving averages. The 50-day moving average stands at €52.45, while the 200-day average reaches €53.89. The stock, at €54.10, exceeds these two benchmarks, suggesting an upward momentum in the short term. The Relative Strength Index (RSI) shows a reading of 67, a zone typically associated with an overbought condition, indicating an accelerated pace of buying in recent days. The stochastic indicator has moved into a buying phase, reinforcing bullish signals. The MACD line is at 0.07, slightly above its signal line at -0.18, confirming a positive mechanism. The stock is approaching the resistance set at €54.25, just above the closing price. In support, the threshold of €49.85 remains the major support in case of a correction. The 1-month volatility index measures 6.26, remaining moderate. The Bollinger Bands confine the stock movement between €49.48 and €54.13, establishing a defined range.
