TotalEnergies SE (NYSE: TTE) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent moderate negative changes in fundamentals have impacted TotalEnergies SE (NYSE: TTE). Negative developments: the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
TTE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
TotalEnergies SE has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. TotalEnergies SE has a very high Appreciation Score of 89 but a neutral Power Rating of 47, with the Positive Value Trend Rating the result.
Recent Price Action
On 6/13/24, TotalEnergies SE (NYSE: TTE) stock declined by -2.4%, closing at $67.37. Moreover, unusually high trading volume at 172% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -4.4% during the last week.
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