EssilorLuxottica Shares Bounce 3.53% to €177.55 After Two-Year Low
Shares of the Franco-Italian optical giant rebounded to €177.55 this Wednesday midday in a broadly bullish Paris market. The CAC 40 is up 2.95% at 8,300 points, buoyed by geopolitical easing. This rebound comes after a three-month downward trend that cost the stock over 31%.
A Technical Rebound After an Extended Oversold Period
The share price rose by 3.53% to €177.55, after hitting a two-year low of €170.40 the previous day. The stock thus moves away from the lower Bollinger band limit at €169.59, which it had been approaching for several sessions. The RSI at 27 indicates a persistent oversold condition, shedding light on the magnitude of the rebound observed during the session.
However, the moving averages remain significantly above the current price: the MM50 is at €203.54, about 14.6% above the current level. The underlying trend remains bearish, with a decline of 30.89% over the year. A sustained crossing of a threshold near the recent lows observed in mid-April (around €186.85-€195.55) will be the next technical test for EssilorLuxottica.
Market Rally in a Context of Oil Relaxation
Today's rebound is part of a general market movement: the CAC 40 is up 2.95%, the DAX by 2.58% and the FTSE 100 by 2.10%, while Brent crude plummets nearly 8.6% to $100.44 following reports of a memorandum project between Washington and Tehran. This easing reduces the geopolitical risk premium that had been weighing on European indices for several weeks.
On a fundamental level, the publication of the first quarter 2026 revenue, unveiled at the end of April, showed a growth of 10.8% at constant exchange rates, to €7.127 billion. During this announcement, the group confirmed its revenue target of €27 to €28 billion for the period 2022-2026. The next official event on the financial calendar is the publication of the half-year results, scheduled for July 28, 2026.
