Total stock: buy or sell
May 17th, 2021
Total stock brief
- Total stock exploded 3.79% to close at $48.73 on the stock market today, after 3 consecutive sessions in green.
- The price is currently over the upper Bollinger band, which often indicates a short-term correction
- Last Wednesday, Total presented its Q1 earnings report
- Price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. Up to date, price made a 76.24% profit since the beginning of this rally
- Berenberg Bank published a neutral rating for Total last Wednesday
- TOTAL SE operates as an integrated oil and gas company worldwide.
Should I buy Total stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $TOT stock a buy?
In the current situation of Total there is just one buy setup eligible:
Uptrend buy setup
Total stock continues to trend higher since in October 2020 and marked a gorgeous 76.24% gain. Price marked a pull back in this uptrend at $44.00 in mid-April, and since then it bounced up a 10.75%. Now, it's just 1.74% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $49.58. If you decide to enter this trade, the suggested stop loss is at $44.62
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$49.58||$44.62||10.00%|
Should I sell Total stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Similarly to when we have to buy shares, deciding when is the best time to sell is not a whimsy decision, and we must use our own trading style. When selling, as well as buying, our strategies are very simple to follow and are only valid for selling shares in your porfolio, not for selling short $TOT stock
As a rule of thumb, you should never hold a trade that generates greater losses than those expected upon the buy. The moment to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Total stock?
Currently, Total stock doesn't match any of our preferred sell setups, so if you hold Total stock and your operation is in profit probably is not time to sell now
In the last 30 days, 3 analyst ratings were published for Total. General sentiment is bullish, with 2 out of 3 posting optimistic forecasts
|Apr 19th, 2021|
|JPMorgan Chase & Co.||Neutral → Buy|
|Apr 20th, 2021|
|Deutsche Bank Aktiengesellschaft|| |
|May 12th, 2021|
Total stock analysis
Total stock started an uptrend in October 2020, and gained a gorgeous 76.24%. The price shows higher highs and higher lows, and along the way provided some buying opportunities for those who wanted to trade in. Latest low was in mid-April, when price bounced at $44.00. Like in all uptrends, price needs to take breath and currently price is moving in a range between $49.58 and $44.00
Supports and resistances
The current resistances are:
The current supports are:
Price levels both above or below the Bollinger Bands mean that the price has followed a strong trend that has led to extreme highs or lows. At this point, the price is over the upper band, meaning a possible near-term correction (at least) until it is under the band
Relative strength index
The RSI dropped below the overbought level of 70 last March after just crossing to the overbough zone for just one day (weak signal). The RSI reading last Friday was 65.01. Since then, Total stock sliced a 1.42%
Total stock price history
Total went public priced at an adjusted price1 of $3.31 on Oct 1991. Since then, TOT stock has risen by 1,372.21%, with an average of 47.32% per year. An investment of thousand dollars at that time would have a value of $14,722.05 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Total stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions published by brokerage institutions for the last 30 days. Again, these targets are not direct recommendations for small investors and must not be trusted blindly.
In the previous 30 days we couldn't find any price target posted for Total stock.
|Brokerage firm||Price target|
|Apr 19th, 2021|
|JPMorgan Chase & Co.||Not available|
|Apr 20th, 2021|
|Deutsche Bank Aktiengesellschaft||Not available|
|May 12th, 2021|
|Berenberg Bank||Not available|
Earnings and financials
Total ($TOT) hosted the investors event and released the report last Wednesday. Total posted earnings of $1.10 per share on sales of $43.7 billion. The market estimate was $0.86 per share on revenue of $36.1 billion.In contrast, the EPS for the same quarter last year was $0.66, so current EPS means a improvement of 66.67%. Looking at revenues, figures just moved compared to $385.8B same quarter last year.
Total ($TOT) is hosting the earnings call next July.
Important:The thoughts given in this post are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the specific conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for educative reasons only
|Friday, May 14th, 2021|
|Day range||$47.89 - $48.76|
|Average true range||$1.24|
|50d mov avg||$46.37|
|100d mov avg||$44.89|
|200d mov avg||$40.59|
|Earnings date||July 29th, 2021|