Technip Energies Shares Rise 2.36% Driven by Brent at $115
Technip Energies' stock marked a significant increase this Tuesday, March 31, trading at 36.42 euros during the session, up by 2.36% from the previous day's close. This surge comes amid heightened geopolitical tensions in the Middle East, which have pushed Brent crude above $115 per barrel. The CAC 40 is up by 0.73% during the session, while the SBF 120 has advanced by 0.77%.
Impact of Rising Crude Oil Prices
The sharp rise in Technip Energies' stock directly follows the surge in crude oil prices. On Monday, March 30, Brent crude crossed the $115 mark, rising about 10% in a single session due to escalating military tensions in the Middle East. The involvement of the Houthis, supported by Iran, combined with the deployment of additional US troops in the region, fuels fears of major disruptions in global hydrocarbon supplies. Attempts by Donald Trump to calm the situation on his Truth Social network have not been sufficient to reassure traders. In this context, oil and gas service companies automatically benefit from a rise in crude prices, which boosts the investment budgets of oil companies. Notably, Technip Energies stands out from its peers this Tuesday: Shell PLC is down by 0.12% and TotalEnergies loses 0.40% during the session, showing a specific dynamic in the energy services and technologies segment. Over a week, the stock has gained 6.8%, and its performance over three months has reached 11.51%.
Technical Indicators and Market Environment
With a price of 36.42 euros, Technip Energies now trades above its upper Bollinger band (35.97 euros) and is approaching the resistance threshold at 37.60 euros. Crossing the 200-day moving average, established at 35.88 euros, represents a significant technical signal: the stock has moved above this reference level after having been close to it for a long time, indicating a strengthening of the medium-term upward trend. The RSI is at 61, in the high-neutral zone, without an immediate overbought signal. The next important date for shareholders is set for April 30, 2026, when the company will publish its first-quarter results. The market environment remains characterized by a VIX at 31.05 at last Friday's close, indicative of high stress in financial markets, in a particularly unstable geopolitical context.
