Viridien Stock Jumps Over 3%, Boosted by Brent Surge
The geoscience specialist catches its breath at the end of the session, going against the grain of a Parisian market weighed down by the new escalation between Washington and Tehran. The stock benefits from the Brent's surge to attempt stabilization, after several weeks of sharp correction. However, the value remains in a very deteriorated long-term trend.
A Rebound Driven by the Brent Surge, Contrary to a Falling SBF 120
Viridien's stock rises 3.19% to €82.40 as the closing approaches, while the SBF 120 falls by 1.94% and the CAC 40 by 1.99%. The stock thus ranks among the strongest gains in the SBF 120, alongside other oil-related stocks. The rebound echoes the Brent's jump, which soars by 5.70% to $76.09 a barrel, fueled by the new military escalation between the United States and Iran.
Donald Trump has stated from Ankara that the ceasefire with Tehran was over, according to him, while Iran claims strikes on American facilities in Kuwait and Bahrain. Kuwait asserts it intercepted two missiles and thirteen drones at dawn. This geopolitical risk premium mechanically boosts crude prices and gives some breathing room to the oil-related sector, to which Viridien is directly exposed.
A Technical Rebound that Leaves the Underlying Trend Intact, Over 30% Below the MM50
Today's surge does not alter the deteriorated configuration of the stock, which is still down more than 26% over a month and nearly 36% over three months. The price remains well below its three moving averages, with a gap of nearly 31% below the MM50 (€119.00) and more than 22% below the MM200 (€106.35). The RSI at 24 indicates a marked oversold state, consistent with the dark series that began in mid-June and documented by the breaking of the support at €89.40, now breached downwards.
Net short positions accumulate to 3.23% of the capital, distributed among four funds according to reviewed declarations. The bearish bet has slightly lightened over thirty days (-0.59 point), without initiating a massive retreat: institutional investors remain positioned against the value, which reflects ongoing caution without yet indicating a capitulation movement. Today's rebound offers a technical respite, but the next resistance threshold is now far, around €122.40.
