12 Jun

Forecasting Total’s Stock Direction This Quarter

WRITTEN BY Maitali Ramkumar

Forecasting Total’s stock price

Since April 1, Total’s (TOT) implied volatility has risen by 2.4 percentage points to 19.0%, while its stock price has fallen 2.0%. Considering Total’s implied volatility and assuming a normal distribution of prices (bell curve model) and standard deviation of one (with a probability of 68.2%), Total stock could close between $56.70 and $52.30 up until June 28.

Forecasting Total’s Stock Direction This Quarter

Peers’ implied volatility

Since April 1, PetroChina’s (PTR), Equinor’s (EQNR), and ENI’s (E) implied volatility has risen by 4.4, 0.2, and 4.6 percentage points, respectively, to 26.4%, 25.9%, and 23.1%. The stocks have fallen 15.3%, 9.3%, and 10.4%. Meanwhile, the SPDR Dow Jones Industrial Average ETF’s (DIA) and the SPDR S&P 500 ETF’s (SPY) implied volatility has risen 1.4 and 2.3 percentage points, respectively, to 13.9% and 13.7%. Their values have risen 0.7% and 2.3%.

Latest articles

US crude oil production has more than doubled since 2009 and grew by 1.1% over the last year. Currently, there are 133 operable refineries in the US.

The cannabis industry is fighting against the ongoing US-China trade war and recessionary worries, which have hurt valuations across the global market.

Higher revenues, increased ticket prices, and lower fuel costs are likely to drive American Airlines' Q3 earnings higher despite its Boeing MAX woes.

HEXO plans to report its Q4 earnings before the market opens on October 24. October has been tough for Hexo, with its stock falling 31.2% as of October 18.

Today, Advanced Micro Devices (AMD) rose 4% to over $32, making it one of the top Nasdaq gainers. Morgan Stanley raised its price target for AMD stock.

Early in 2019, President Donald Trump warned that China could overtake the US as a global power. He vowed that this would not happen under his leadership.