Vallourec stock among the most sought-after in the SBF 120, +7.5% in one month
Vallourec is among the most sought-after values in the SBF 120 this Monday, against the backdrop of a Brent rebound above 100 dollars in a tense geopolitical context around the Strait of Hormuz. The stock is evolving at the level of a key technical resistance, in a nearly stable Paris market.
A Brent rebound to 100.99$ relaunches the stock after its Friday decline
Vallourec advances 1.59% to €19.18 during the session, recovering a significant portion of the ground lost on Friday, when the stock had dropped 2% in the wake of a declining Brent. Today's context is very different: the reference crude rebounds 3.64% to 100.99 dollars per barrel, after Washington officially rejected an Iranian plan aimed at reopening the Strait of Hormuz in exchange for sanctions relief, reviving the geopolitical risk premium on energy — a context in which the stock is trading. As a manufacturer of seamless tubes for the oil and gas sector, Vallourec is evolving in a context of high sector volatility in recent weeks. The monthly performance remains solid at +7.57%, even though over three months the balance sheet is still negative at -5.98%.
A neutral RSI at 50 and short positions that surged significantly in one month
From a technical configuration standpoint, the stock is trading at the level of its MA50 at €19.14, with a near-zero spread of +0.21%, and remains above its MA20 at €18.78. The resistance at €19.90 represents the next hurdle to overcome to confirm the recovery; in case of consolidation, the support at €17.59 provides an identified floor. The RSI at 50 indicates a balance between buyers and sellers, without a clear directional signal.
Furthermore, according to registered declarations, cumulative net short positions on the stock surged 1.61 percentage points over thirty days to reach 2.56% of the capital, distributed among four funds (last declaration dated September 22). This rapid increase signals a rise in selling pressure on the value: institutional players are betting on a decline or seeking to cover an exposure, which constitutes a factor to monitor over time, especially if Brent were to reverse. The resistance at €19.90 remains the decisive threshold for the rest of the session.
