Kepler Cheuvreux Upgrades TotalEnergies Stock Recommendation

The news provides a positive catalyst with Kepler Cheuvreux's upgrade recommendation. Technical indicators also support this view: although the RSI is above 70, it has just entered overbought territory, and the MACD is positively trending above the signal line. The price is trading above the 20- and 50-day moving averages and has gained 3.3% in the last 24 hours. However, the high RSI may trigger some profit-taking in the short term, so the bullish outlook is cautious.