Viridien stock posts best gain on SBF 120 and reclaims its 50-day moving average
The Paris-based geoscience company posts the strongest performance on the SBF 120 this Thursday, in a broadly bullish market. This rebound extends a recovery initiated over recent weeks, following a severe decline that had driven the stock to historically low levels. The fundamental backdrop remains marked by mixed results published at the end of July.
Leading the SBF 120, the stock erases part of a still-heavy quarterly decline
Viridien gains 4.41% to €91.15 in trading, posting the strongest gain on the SBF 120 while the index advances 0.6%. Over the week, the stock shows nearly 14.5%, and close to 17.5% over a month, two dynamics that reflect a significant rebound from July's lows. This recovery only partially mitigates the quarterly decline, which remains at -37.87% over three months: the path is still long to erase the summer correction. The CAC 40, for its part, advances 0.63% in trading in a calmed market environment, with the VIX down nearly 4% to 15.85.
The technical setup improves, but sharp rise in short positions weighs on momentum
The stock has just crossed slightly above its 50-day moving average, which stands at €90.79, an offset of +0.4%, and is now distancing itself from its 20-day moving average (€82.36) with a gap of over 10%. The next resistance is found at €92.90, barely 2% above current levels, placing the stock in a testing zone. The RSI at 52 remains neutral, with no signals of exhaustion or overbought conditions. On the short positions front, pressure remains notable: according to recorded declarations, seven funds cumulatively hold 4.97% of capital sold short, up 1.74 percentage points over thirty days (against 3.23% a month ago).
This elevated level signals that a significant portion of institutional investors remains positioned bearishly on the value, which can amplify moves in both directions without allowing a precise intention to be inferred. Analyst sentiment on the matter remains to be monitored in this context. Second quarter results, published on July 30, had shown half-year revenue down 22% but net cash flow multiplied by more than three, at 32 million dollars. The €92.90 resistance level constitutes the first concrete reference to monitor to confirm the continuation of the move.
