TTE Price Prediction Next Week
Technical Analysis: TTE is currently trading at $60.68, showing a bearish trend in the short term with RSI-14 at 56.78 indicating neutral momentum. The stock is trading below its 200-day SMA of $64.00, suggesting overall bearish sentiment.
Price Levels:
- Fibonacci support levels: S1 at $60.20, S2 at $59.63
- Fibonacci resistance levels: R1 at $62.03, R2 at $62.60
- Current price ($60.68) is testing the S1 support level
News Impact:
- Recent article highlights TotalEnergies' strong commitment to clean energy transition, with 17% growth in this segment during 2024
- The company maintained its dividend during market downturns, showing financial stability
- Current dividend yield stands at 5.6%, though U.S. investors need to consider French tax implications
Next Week's Price Prediction:
Based on technical indicators and news sentiment:
- Bearish scenario (60% probability): Price could test S2 at $59.63
- Neutral scenario (30% probability): Consolidation between $60.20-$61.12
- Bullish scenario (10% probability): Bounce towards R1 at $62.03
Trading Recommendation: SELL with target price of $59.63
- Entry: Current market price ($60.68)
- Stop loss: $62.03 (R1 level)
- Take profit: $59.63 (S2 level)
Rationale:
- Bearish technical setup with price below major SMAs
- RSI showing neutral momentum but trending lower
- Recent market weakness and negative price action
- Strong resistance at $62.03 level
TTE Similar Chart Price Prediction
The price of TTE is predicted to go up 4.63%, based on the high correlation periods with OC. The similarity of these two price pattern on the periods is 96.94%.
TTE
OC
Up: 4.63%Similarity: 96.94%
TTE Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
TTE Price Forecast($)
Potential Return(%)
2025
55.850
0.670
2026
65.000
12.010
2027
75.000
29.240
2028
75.000
29.240
2029
75.000
29.240
2030
85.000
46.480
What is TTE stock price prediction 2025 ?
What is TTE stock price prediction 2026 ?
What is TTE stock price prediction 2027 ?
What is TTE stock price prediction 2028 ?
What is TTE stock price prediction 2029 ?
What is TTE stock price prediction 2030 ?
TTE Revenue Forecast
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TTE VS S&P500
Although investing for the energy transition, Total remains committed to hydrocarbons and expects to increase production through mid-decade, including new LNG and oil projects.
Total will be able to capitalize on greater global gas demand and price volatility with the expansion of its LNG portfolio model through new equity and third-party volumes.
Management's introduction of a peer leading shareholder return target and commitment to dividend growth sets clear expectations for investors.
TTE Analyst's Forecast
Martijn Rats
Morgan Stanley
Buy → Hold
2025-01-07
Price Target
$70 → $64
Upside
+12.44%
Morgan Stanley downgraded TotalEnergies to Equal Weight from Overweight with a price target of $64.10, down from $70.40 as part of a broader research note previewing 2025 in the Energy sector. Oil & gas have mixed prospects in 2025, with Gas markets looking robust, but the oil market seen as well supplied, and downstream margins likely remain under pressure, the analyst tells investors in a research note. Morgan Stanley adds that while it still foresees minor downwards pressure on consensus earnings estimates, after sharp declines, the firm believes that earnings downgrade cycle is nearing completion. For TotalEnergies however, the firm notes that while the company stands out relative to its peers in terms of portfolio depth in both the traditional energies of oil & gas and in renewable and low-carbon projects, developing these project pipelines also puts a heavy capex burden and cuts into its free cash flow, which is the "crux" of its downgrade on the stock.
Paul Cheng
Scotiabank
Hold
2024-10-10
Price Target
$80 → $75
Upside
+9.55%
