Viridien Shares Fall 14.13% Over the Week, Undergoing Correction After Annual Surge
Viridien has had a tough week on the Paris Stock Exchange. The oil-related company's stock closes this week at 88.10 euros, showing a significant retreat after several consecutive sessions of decline. This correction comes in a context of downward revisions by analysts and growing concerns about oil supply in early 2026.
Weekly Trading Overview
Over the past five trading days, Viridien has seen a decline of 12.25%, recording almost daily losses. The movement began on Monday, November 24, at 97.60 euros and accelerated until Friday, when the stock closed at 88.10 euros. Trading volumes remained high, with about 73,800 shares traded on Friday, confirming investor participation in this correction. Throughout the week, between 45,000 and 73,000 shares were traded daily. Despite this chaotic week, the stock still shows a spectacular twelve-month gain of 122.10% since November 2024. The CAC 40 and SBF 120 indices have risen by 1.78% and 1.87% respectively over the same period, highlighting the discrepancy between Viridien's annual performance and the movements of broader indices.
Analyst Recommendations Weigh Heavily
The downgrade of analyst recommendations has heavily impacted the stock. On Wednesday, November 26, the research firm Oddo BHF changed its rating from 'outperform' to 'neutral', justifying this revision by the recent sharp rise in the stock and concerns about an oil supply surplus in early 2026. Although the price target was raised from 90 to 100 euros, this nuance between moving to neutrality and the upward revision of the target illustrates the growing caution among analysts. The firm also lowers its forecasts for EBITDA by an average of 15% for 2025-2027, anticipating a slight decline in revenue in 2026 due to lower fees and the divestment of some of its American activities. These elements reflect structural concerns about the group's business dynamics in the coming months.
Technical Analysis
Technically, Viridien is undergoing a consolidation phase after its strong progression. The stock is currently trading below its 50-day moving average, which is at 85.44 euros, but remains above its 200-day average at 64.85 euros. The Relative Strength Index (RSI) is at 24, indicating significant overselling. The MACD line is at 1.58, suggesting a muted bullish momentum. The Bollinger Bands place the stock near its lower band at 88.07 euros, a sign of increased volatility characterized by a monthly volatility of 15.75%. The technical support threshold is at 72.40 euros, while resistance is set at 121.20 euros, framing future movements of the stock.
