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TD Cowen reiterates TotalEnergies SE ADR (TTE) rating to a Buy

TotalEnergies SE ADR’s recently made public that its Director TotalEnergies SE acquired Company’s shares for reported $4.5 million on Mar 28 ’24. In the deal valued at $22.86 per share,196,964 shares were bought. As a result of this transaction, TotalEnergies SE now holds 295,235 shares worth roughly $19.11 million.

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TD Cowen reiterated its TotalEnergies SE ADR [TTE] rating to a Buy in a research note published on September 27, 2024; the price target was $74. Jefferies also remained covering TTE and has decreased its forecast on November 29, 2023 with a “Hold” recommendation from previously “Buy” rating.

Price Performance Review of TTE

On Tuesday, TotalEnergies SE ADR [NYSE:TTE] saw its stock fall -4.96% to $64.73. Over the last five days, the stock has lost -5.10%. TotalEnergies SE ADR shares have fallen nearly -3.93% since the year began. Nevertheless, the stocks have fallen -2.60% over the past one year. While a 52-week high of $74.97 was reached on 04/26/24, a 52-week low of $62.59 was recorded on 01/22/24. SMA at 50 days reached $67.76, while 200 days put it at $68.21.

Levels Of Support And Resistance For TTE Stock

The 24-hour chart illustrates a support level at 64.46, which if violated will result in even more drops to 64.20. On the upside, there is a resistance level at 65.11. A further resistance level may holdings at 65.49. The Relative Strength Index (RSI) on the 14-day chart is 37.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.40%. Stochastics %K at 48.69% indicates the stock is a holding.

How much short interest is there in TotalEnergies SE ADR?

A steep rise in short interest was recorded in TotalEnergies SE ADR stocks on 2024-09-30, growing by 0.68 million shares to a total of 4.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.14 million shares. There was a rise of 14.09%, which implies that there is a positive sentiment for the stock.

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