TotalEnergies Stands Alone in the Green on the CAC 40, Boosted by Brent's Surge
The French oil major shows a counter-trend performance in a heavily penalized Paris index at mid-session. The stock benefits from a sharp rebound in oil prices, fueled by a new military escalation between Washington and Tehran. The session allows shareholders to regain ground after a difficult month.
The Stock Benefits from the Brent Surge Amidst Middle Eastern Military Escalation
TotalEnergies' stock is up 2.3% at €69.34, the only CAC 40 value in the green as the index drops 2.28%. The company leads the Parisian index, while Societe Generale (-5.81%) and Saint-Gobain (-4.33%) are among the biggest losers. The rebound occurs against the backdrop of a Brent barrel surge, up 5.70% in the session to $76.09. The United States claims to have conducted strikes against Iran following attacks on ships in the Strait of Hormuz, and Tehran claims in response to have targeted American military facilities in Kuwait and Bahrain. In Ankara, on the sidelines of the NATO summit, Donald Trump also stated that the ceasefire with Iran was over, according to him, which fuels the risk premium on oil. Direct peer, Shell, is up 2.06%, confirming the sector's momentum. This context contrasts with the recent sequence: the major had broken its support at €70.34 at the end of June, in a then opposite context of crude retreat.
A Technical Rebound After a Decline of More Than 10% Over a Month
Today's movement comes after a difficult phase for the stock, which is still down 10.38% over a month and 12.52% over three months, despite a gain of 33.89% over a year. The price remains significantly below its MM20 at €74.92 (-7.45%) and its MM50 at €76.49 (-9.35%), but maintains above its MM200 at €64.00 (+8.34%), indicating that the long-term trend remains intact. The RSI at 31 indicates a stock close to the oversold zone, which provides a consistent reading with the technical rebound observed. According to the consensus of surveyed analysts, the stock is trading at about 7.1 times the earnings of the current fiscal year and 8.3 times those of the next fiscal year. The next technical marker remains the resistance at €80.27, while the support threshold at €70.34, just breached upwards, becomes a short-term reference.
