TotalEnergies Stock: Shares Break Technical Resistance and Attract New Bullish Revisions

Price Target Revisions

Two price target revisions were published this Tuesday, February 17, concerning TotalEnergies. TD Cowen raised its target from 60.00 to 66.00 euros, while maintaining a 'hold' recommendation, suggesting a potential upside of about 2.3% from the current price. Meanwhile, Morgan Stanley was more aggressive, increasing its target from 61.30 to 67.80 euros, with an 'overweight' rating, indicating a potential appreciation of approximately 5.1%. These adjustments come as the oil and gas major has shown a performance of nearly 14.8% over three months and 9.6% over a year. The next major event on the calendar is the release of the first quarter 2026 results, scheduled for April 29, preceded by the detachment of the third dividend installment on March 31.

Technical Analysis

From a technical standpoint, TotalEnergies' stock price is now above the resistance level identified at 64.38 euros, a level that the stock had not managed to exceed recently. This breakthrough is accompanied by a clear positioning above the 50-day moving average (57.78 euros), confirming a bullish trend established over several weeks. However, the RSI (Relative Strength Index) reaches 80, a level that indicates an overbought zone. This indicator, which measures the speed and magnitude of recent price changes, suggests that buying pressure has been particularly strong in recent sessions. Historically, an RSI above 70 can precede consolidation phases, without necessarily invalidating the underlying trend. The upper Bollinger band, located at 65.94 euros, is the next technical reference to watch in the short term.