Based on the technical analysis and recent news, here's the price prediction for TTE for next week:
Technical Analysis
The stock is showing mixed signals with RSI at 66.56, indicating slightly overbought conditions. The MACD is positive at 0.84, suggesting bullish momentum. Price is currently trading below the 200-day SMA of $64.45 but above the 20-day SMA of $58.63, indicating a neutral-to-bullish medium-term trend.
News Impact
Price Targets for Next Week Based on Fibonacci levels:
Price Prediction The stock is likely to trade between $59.14-$61.80 next week. The primary target is $61.80 (R2) with potential to reach $63.45 (R3) if positive momentum continues. Support at $57.50 should hold unless broader market weakness emerges.
Trading Recommendation BUY with entry point at current price ($60.74) or on pullbacks to $59.14. Set stop loss at $57.50 and take profit at $61.80. The positive LNG business outlook and technical setup suggest upside potential despite slight overbought conditions.
The price of TTE is predicted to go up -2.71%, based on the high correlation periods with CPS. The similarity of these two price pattern on the periods is 97.59%.
TTE
CPS
Year
TTE Price Forecast($)
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
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.
Morgan Stanley
2025-01-07
Price Target
$70 → $64
Upside
+12.44%
Scotiabank
2024-10-10
Price Target
$80 → $75
Upside
+9.55%