Viridien Shares Under Pressure at €110.50 Despite High Brent Prices
Viridien's stock falls 1.34% to €110.50 in mid-afternoon trading on Monday, while the SBF 120 index is up by 0.21% during the session. The geoscience specialist is moving against the trend of a rising Parisian market, dangerously approaching its support level at €111.00. However, the stock still maintains a nearly 94% gain over the year.
Viridien Below Its Short-Term Moving Averages Despite Brent at $111
Viridien's stock is significantly below its short-term moving averages. The price is 16.70% below the MM20 (€132.66) and 15.08% below the MM50 (€130.12). The MM200, located at €99.00, remains 11.62% below the current price, indicating a long-term upward trend.
The RSI at 36 reflects the selling exhaustion observed since the quarterly publication on May 6, which caused the stock to lose more than 16%. The price is now at the lower end of the Bollinger Bands, 18% from the lower boundary (€98.50), indicating a potential oversold zone.
However, the oil context remains favorable for the group. Brent is trading around $111 per barrel, up more than 50% since the end of February, amid prolonged closure of the Strait of Hormuz and war in Iran. This environment typically supports the exploration budgets of oil companies, Viridien's main clients. The stock is not capturing this energy backdrop today, even though it had jumped 4.97% on May 13 following a similar movement in the barrel price.
Persistent Selling Pressure as Support at €111 Approaches
According to reviewed statements, the cumulative net short positions on the stock represent 2.87% of the capital, declared by four funds, including CAPITAL FUND MANAGEMENT (1.28%), MIRABELLA FINANCIAL SERVICES (0.57%), and TUDOR CAPITAL EUROPE (0.51%). These positions have decreased by 0.53 points over thirty days, but the selling flow remains.
The decline continues the downward trend that had already seen the stock become the worst performer in the SBF 120 on May 14 at €112.20. Over three months, the stock has lost 10.67%, after reaching a peak of €154.40 at the end of April. Nevertheless, the performance over a year remains at +93.69%.
The price is now directly in contact with its support level at €111.00, whose holding will determine the continuation of the short-term movement. Fundamentally, the group had reported a net cash flow of $26 million in the first quarter and reduced its net debt to $700 million. The next important date on the calendar is the general assembly on June 3, 2026.
