TotalEnergies share falls below €81.05 amid conflicting analyst views
After breaking through its resistance level at €81.05 on Monday, TotalEnergies has retreated below this threshold on Tuesday and ranks among the declining stocks on the Paris index. The session occurs as two research bureaus publish divergent opinions on the stock today, while the group detailed its roadmap to 2035 yesterday.
Oddo BHF raises its target while Alphavalue maintains a reduce rating
Two analyst opinions were published on Tuesday regarding TotalEnergies analyst consensus, and they point in opposite directions. Oddo BHF maintains its "outperform" opinion and raises its price target from €85 to €88, representing an upside potential of more than 11% relative to the current price of €79.03. Conversely, Alphavalue confirms its "reduce" rating while lowering its target from €76.10 to €74.60, implying a potential decline of nearly 6% from current levels.
This divergence in analysis illustrates the uncertainties weighing on the group's valuation, as the objectives presented on September 28 in New York (growth by 2035, dividend increase of more than 5% annually through 2030) have not been sufficient to homogenize opinions. According to the consensus of tracked analysts, the stock trades at approximately 8.0 times expected earnings for the current fiscal year, a relatively low level that fuels debate over the major's fair valuation.
Stock returns to its 20-day moving average after Monday's breakthrough
From a price perspective, TotalEnergies share is declining 1.21% to €79.03 in trading, erasing part of the rebound achieved the previous day, which had taken it above the €81.05 resistance level. The stock now finds itself at its 20-day moving average at €78.71, with a positive spread of only 0.41%, making this a threshold to monitor closely. It remains well above its 50-day moving average at €76.69 (spread of 3.05%) and its 200-day moving average at €71.08 (spread of 11.18%), two benchmarks that testify to the bullish momentum of the past three months, with a performance of nearly 16% over the quarter.
The RSI at 59 remains in positive territory without signaling overbought conditions, indicating that the configuration is not yet stretched to the upside. The share buyback program announced on September 28 (€2.1 billion, executed at approximately 3% to date) constitutes an additional contextual element on shareholder return policy. The €81.05 resistance, broken and lost within two sessions, remains the level to watch for the remainder of trading.
