Viridien share rebounds against the trend, supported by Brent above $106
The geosciences specialist's share rebounds on Tuesday in a slightly declining Paris market, posting one of the best performances on the broader index. This turnaround comes as Brent remains firm above $106 and geopolitical tensions in the Middle East continue to set the pace for oil-related stocks.
A rebound at the contact of the 20-day MA, in a SBF 120 oriented downward
Viridien gains 1.43% to €88.75 during the session, at the contact of its 20-day moving average (€88.85), which it had fallen slightly below during the last few sessions. This return to the 20-day MA is notable while the SBF 120 declines 0.20% and the CAC 40 retreats 0.21%, the share thus moving against the general trend. The share remains well anchored above its 50-day MA at €86.64, with a positive spread of 2.44%, and this configuration draws a technical floor to monitor. Conversely, the 200-day MA at €107.87 remains distant, approximately 17.7% above the current price.
With an RSI at 48, the share signals neither overbought nor oversold conditions: the day's recovery is operating from an equilibrium zone, without any sign of buyer exhaustion, which leaves it with some margin. Performance remains penalized over longer horizons: -10.71% over one month and -10.4% over three months, although the gain over one year, at +50.3%, remains very solid. The support at €82.60 constitutes the floor not to be lost should selling pressure resume.
Short positions at 6.48% and geopolitical oil context supporting the sector
On the short positions front, according to filed disclosures, eight funds cumulate 6.48% of capital sold short as of September 10, up 1.06 percentage points over thirty days (versus 5.42% one month earlier). This elevated level reflects persistent institutional downward pressure on the share: a significant fraction of the market is betting on a decline, which can both curb rebounds and amplify reversals if short sellers cover their positions quickly. This point merits monitoring over time without drawing hasty conclusions about the price direction.
Moreover, Brent is trading at $106.09 during the session, amid a backdrop of supply disruptions linked to attacks on the Saudi East-West pipeline and persistent tensions in the region. Viridien, whose geosciences activity is directly linked to the investment cycles of oil companies, benefits from a high-price environment that supports its clients' exploration budgets. On the macro front, the Fed is widely expected to raise rates on Wednesday, with markets pricing in approximately 90% probability of a 25 basis point increase, which weighs on overall appetite for risky assets and could limit the extent of the rebound.
