Viridien Shares Surge 4.97% to €120.30, Boosted by Brent's Rebound

Barrel Climbs Back Above $106, Stock Regains Momentum

Viridien gains 4.97% to €120.30, following Brent's 2% rebound over two days to $107 amid persistent tensions around Iran and the Strait of Hormuz. Indirect exchanges between Washington and Tehran, conducted through Islamabad, have not solidified the truce, maintaining a geopolitical risk premium on the barrel. The company, whose revenues closely depend on oil companies' investments in seismic exploration, directly benefits from this environment. However, today's rebound comes after a challenging week: the stock is still down nearly 18% over seven days, following the May 6 quarterly report which was seen as mixed despite a net cash flow of $26M in Q1 2026. Over a year, Viridien has still managed a 110% increase.

Technical Setup Under Pressure, Short Positions Decline

The price remains below its 20-day and 50-day moving averages, located at €135.08 and €130.16, with respective gaps of nearly 11% and 7.6%. The 200-day moving average, at €98.19, remains 22.5% below the current level, indicating a long-term upward trend despite recent setbacks. The RSI at 38 indicates seller exhaustion in recent sessions, without crossing into oversold territory. The stock is trading at the lower end of the Bollinger Bands, at 25% of the range, with a support level identified at €111 tested last week. Regarding net short positions, 2.36% of the capital is declared in net short position by three funds (Capital Fund Management, Mirabella Financial Services, Tudor Capital Europe), a level that has decreased by 1.04 points over thirty days. The next key event is the general meeting on June 3, 2026, followed by the semi-annual results publication on July 30.