SBM Offshore Shares Hit Record High of 36.36 Euros, Boosted by Brent at $111

Record High Amid Geopolitical Tensions

SBM Offshore records a new all-time high this Tuesday at 36.36 euros, significantly surpassing the previous peak of 35.62 euros. This milestone occurs as Brent crude trades above $111 in the morning, driven by diplomatic tensions between Washington and Tehran. Donald Trump's ultimatum to Iran, demanding a ceasefire agreement by Wednesday or facing retaliation against Iranian civilian infrastructure, keeps strong pressure on oil prices. The deadlock between the two countries, after several deadlines have been pushed back without results, maintains a lasting climate of uncertainty in the energy market.

The Dutch specialist in floating production storage and offloading (FPSO) systems directly benefits from this environment. Over three months, the stock has gained 45.79%, and 111.5% over a year. During the session, the CAC 40 is up 1.33% at 8068 points, while Shell PLC, a sector peer, is up 0.86%. The company's 2026 general assembly is scheduled for April 15, followed by the release of first-quarter revenue on May 7.

Technical Indicators Suggest Potential Overbought Signal

The current price of 36.36 euros is significantly above the upper band of the Bollinger Bands, set at 34.34 euros, which constitutes a potential technical overbought signal. This significant gap indicates that the stock is in a rarely sustained bullish tension zone, which may precede consolidation phases.

Furthermore, the 50-day moving average is at 30.67 euros, marking a gap of over 18% from the current price. This significant deviation from this medium-term trend reference illustrates the magnitude of the recent acceleration. The RSI, at 59, remains in the neutral zone and does not confirm, at this stage, an overbought excess on this indicator. The resistance threshold identified at 34.46 euros has been significantly exceeded, which could now constitute a new technical support point for the stock.