If You Ride the TotalEnergies Stock Merry-Go-Round, Make Sure You Have an Exit Plan

• TotalEnergies (TTE) is a top global integrated oil and gas company with strong technical and fundamental momentum.
• Shares are trading at a new all-time high and maintain a 100% “Buy” technical opinion.
• TTE is up more than 50% over the past year.
• I recommend a disciplined stop-loss approach, as continued upside depends on sustained high energy prices.

Today’s Featured Stock

Valued at $222 billion, TotalEnergies (TTE) is among the top five publicly traded global integrated oil and gas companies based on production volumes, proved reserves, and market capitalization. 

What I’m Watching

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. TTE checks those boxes. The Trend Seeker issued a new “Buy” signal on Oct. 23. Since that signal, TTE is up 0.17%.

Barchart’s Technical Indicators for TotalEnergies

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

TotalEnergies hit an all-time high of $95.78 Oct. 30.

• TotalEnergies has a Weighted Alpha of 42.87.
• TTE has a 100% “Buy” opinion from Barchart.
• The stock has gained 51.02% over the past 52 weeks.
• TotalEnergies has its Trend Seeker “Buy” signal intact.
• The stock recently traded at $92.92 with a 50-day moving average of $89.68.
• TTE had 16 highs and gained 10.17% in the last month.
• 60-month beta of 0.17.
• Relative Strength Index (RSI) is at 57.49.
• There’s a technical support level around $92.28.

Don’t Forget the Fundamentals

• $222 billion market capitalization.
• 8.75x trailing price-earnings ratio.
• 4.16% dividend yield.
• Revenue is expected to grow 16.90% this year but down by 2.41% next year.
• Earnings are estimated to increase 79.39% this year but decrease by 6.37% next year.

Analyst and Investor Sentiment on TotalEnergies

• Wall Street analysts followed by Barchart give the stock 11 “Strong Buy,” 2 “Moderate Buy,” 7 “Hold,” and 1 “Strong Sell” opinion with price targets from $76 to $119.
• Value Line rates the stock “Average” with price targets between $100 and $125.
• Morningstar thinks the stock is fairly valued.
• 5,680 investors are following the stock on Seeking Alpha, which rates it a “Strong Buy.”
• TipRanks’ analysts have a consensus price target of $101.04.
• Short interest is 0.20% of the float with 2.75 days to cover.

The Bottom Line on TotalEnergies

The company stands out for its attractive valuation, robust profitability, strong growth, positive stock momentum, and solid upward revisions in earnings estimates. These pluses should continue as long as energy prices stay high.  Since no one really knows when prices will return to normal, I suggest you have a very rational stop loss in place for when the merry-go-round ride ends.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio, it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.

On the date of publication, Jim Van Meerten did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.