TotalEnergies Shares Stagnate Around €77 Seeking Direction
The French oil major ended the session nearly flat in a declining Paris market. The stock remains trapped in a consolidation zone as the debate over valuation resurfaces in the energy sector.
Market Performance and Technical Indicators
At the close, TotalEnergies was down 0.06% at €77.33, almost unchanged from the previous day's price of €77.38. The stock ranked mid-table in the CAC 40, which fell by 0.28% to 8,220.97 points.
The price remains slightly below its 20-day moving average (MM20) of €77.72 (a gap of -0.50%) and is close to its 50-day moving average (MM50) of €77.66 (a gap of -0.42%), an alignment that indicates a lack of clear short-term direction. The RSI at 50 confirms this neutrality, with no signs of exhaustion or buying pressure.
On a longer horizon, the dynamics remain strongly positive: the 200-day moving average (MM200) at €62.64 is 23.45% below the current price, and the stock has gained +47.94% over one year and +15.66% over three months. The monthly decline is limited to 1.68%.
Moderate Valuation and Recent Commercial and Social Announcements at TotalEnergies
According to the consensus of surveyed analysts, the stock is trading at approximately 7.9 times current year earnings and 9.2 times next year's earnings, a valuation level that remains contained for an integrated group of this size.
In terms of commercial and social developments, the group has made several announcements in recent weeks: TotalEnergies notably launched a capital increase reserved for employees at the end of May with a subscription price set at €62, and in June, it extended its price cap at the pump to €1.99/L for gasoline and €2.25/L for diesel. Regarding investments, the group confirmed in early May a budget of over 100 million euros for its future supercomputer Pangea 5, expected to be operational in 2027.
The technical support at €75.18 remains the next area to watch in case of a break below the short-term moving averages, while the resistance at €80.27 marks the upper boundary of the current channel.
