Viridien Shares Soar 6.55% and Lead SBF 120 Amid Oil Surge
This Thursday, Viridien marked the highest gain in the SBF 120, jumping 6.55% to 131.80 euros during the session. The geophysical technology specialist for oil and gas exploration is benefiting from a tense geopolitical context in the Middle East, while the CAC 40 fell by 1.25% at the same time.
Direct Impact from the Surge in Oil Prices
Viridien's stock directly benefits from the dramatic rise in crude oil prices. Brent crude rebounded to around 108 dollars a barrel this Thursday morning, a surge of over 6% in twenty-four hours, after hopes for a ceasefire between Washington and Tehran collapsed. Iran denied having made a truce request, while the United States announced the continuation of strikes for several more weeks. The intensification of hostilities in the region raises fears of prolonged disruptions in hydrocarbon supply, a scenario that mechanically supports the demand for exploration and seismic imaging services, the core business of Viridien.
Over the past year, the stock has now shown an increase of 83.41%, while its performance over three months reaches 33.94%. This trajectory contrasts with the general tone of the Paris market: the SBF 120 fell 1.26% during the session this Thursday. Other technology stocks listed in Paris, such as Dassault Systèmes (-0.63%) and Capgemini (-1.08%), are moving in negative territory, confirming the sector-specific nature of Viridien's upward movement.
Significant Recovery Above the 50-Day Moving Average
With this acceleration, Viridien's share price has significantly exceeded its 50-day moving average, located at 124.58 euros, after having approached it in recent sessions. The gap with the 200-day moving average (88.76 euros) remains very significant, indicating a bullish long-term trend. The RSI, at 46 before today's session, was in a neutral zone, leaving room for technical progression before reaching overbought levels. The nearest resistance is at 137.40 euros: crossing this threshold in the coming sessions would be an additional signal of the continuation of the movement.
The next major appointment for the company is set for May 5, the date of the publication of the first quarter 2026 results, followed by the general meeting on June 3. These deadlines could contribute to the volatility of the stock, already high at 18.15% over a month. The context remains marked by a still high tension zone VIX, at 25.25 points at the close of March 31, reflecting the ongoing nervousness on global markets in an unstable geopolitical environment.
