What Total’s Moving Averages Suggest

Total’s moving averages

In the second quarter, Total (TOT) stock has fallen 2%, led by lower oil prices. Total’s weak first-quarter earnings have also impacted the stock, pressuring its 50 DMA (day moving average) and 200 DMA.

What Total’s Moving Averages Suggest

Total’s 50 DMA has fallen 2% in the quarter, and its 200 DMA has fallen 3%, narrowing the gap between the DMAs. Total’s 50 DMA, which stood 5% below its 200 DMA at the start of the second quarter, currently stands 4% below its 200 DMA. A smaller gap between DMAs suggests the 50 DMA could cross over the 200 DMA, a technically bullish sign.

Peers’ moving averages

BP’s (BP), Chevron’s (CVX), and Royal Dutch Shell’s (RDS.A) 50 DMAs are 2%, 2%, and 1%, respectively, above their 200 DMAs, and ENI’s (E), Suncor Energy’s (SU), and PetroChina’s (PTR) 50 DMAs are 3%, 4%, and 9% below their 200 DMAs. The SPDR S&P 500 ETF’s (SPY) and the SPDR Dow Jones Industrial Average ETF’s (DIA) 50 DMAs are 4% and 2% above their 200 DMAs, respectively.