Vallourec stock leads the SBF 120, sole gainer in a declining index
Vallourec emerges as the most sought-after security in the SBF 120 at mid-morning, running counter to a Paris index that is losing ground in a context of rising bond yields. The rebound occurs in a climate where Brent crude is trading at 105.89 dollars per barrel, up nearly 3% during the session, against the backdrop of persistent Middle East tensions.
Vallourec takes the lead in the SBF 120 and rises above its first two moving averages
Vallourec gains 3.66% to €19.41 during the session, while the SBF 120 declines 0.79%. The stock thus ranks first in the index, the only one advancing with such magnitude while most securities decline. This rebound brings the price above the MA20 (€18.65, gap of +4.08%) and the MA50 (€19.20, gap of +1.09%), two thresholds the stock had broken through in early September during a pullback phase.
The configuration remains incomplete, however: the MA200 stands at €20.26, or 4.2% above the current price, and represents the next threshold to monitor. The RSI at 49 remains neutral, signaling neither overbought conditions nor excessive selling pressure. The €19.90 resistance level is within immediate reach, less than half a point from the current price.
A rebound under tension with short sellers substantially strengthening their positions
Brent crude is trading at its highest level in several sessions, in a favorable context for Vallourec, a manufacturer of seamless tubes whose main clients operate in the oil and gas sector. The stock is also up 9.6% over one month, testament to solid monthly momentum, even though quarterly performance remains in negative territory at -12.69%. Furthermore, according to the IEA report from August 2026, global supply reaches 100.1 Mb/d in a context of persistent geopolitical tensions. This rebound nevertheless occurs in an environment where bearish positions on the stock have increased substantially.
According to reported disclosures, four funds cumulatively hold 2.56% of the capital sold short, compared to 0.95% thirty days ago, representing an increase of 1.61 percentage points in one month. This rise in short pressure, unusual in its magnitude over the period, reflects an institutional bearish bet on the security—though the precise motivation cannot be determined. The €19.90 resistance level represents the first test of the solidity of this rebound.
