EssilorLuxottica Shares Drop Nearly 25% in Three Months: Key Technical Levels to Watch
EssilorLuxottica significantly declines this Wednesday as the group announces its first quarter 2026 revenue. The stock is in a marked downtrend over three months, falling nearly 25% during the period. The CAC 40 drops 0.39% to 8203 points amidst a general weakness in European markets.
Current Trading Status
EssilorLuxottica shares are trading at 201.90 euros in mid-afternoon, down 2.32% from the previous close of 206.70 euros. The financial calendar had marked this April 22 as the date for the release of the first quarter 2026 revenue, an event that could influence trading in the absence of positive catalysts. The next significant event is the general assembly scheduled for April 28. Over a broader horizon, the stock has declined 18.36% over one year and 24.61% over three months, illustrating a continuous devaluation of the global optical leader. Among comparable stocks listed in Paris, LVMH also drops 1.81% during the session, while L'Oréal remains nearly stable (+0.09%). Across the Atlantic, Estée Lauder falls 2.56% and Tapestry 2.02%, indicating broader sectoral pressure on major premium consumer stocks.
Technical Analysis
EssilorLuxottica's stock price is currently above its 20-day moving average (199.01 euros), indicating a slight short-term rebound. However, the 50-day moving average is at 215.11 euros and the 200-day at 261.37 euros: the stock remains well below these benchmarks, confirming a medium and long-term bearish trend. In terms of Bollinger Bands, the price is positioned at 61% of the band, which is in the upper half between the lower bound (185.82 euros) and the upper bound (212.21 euros), with no signs of overbuying or overselling. The RSI stands at 51, in the neutral zone, indicating no immediate directional imbalance. The most relevant support to watch is at 190.20 euros: a downward breach of this level could accelerate the correction, while the resistance at 215.70 euros roughly coincides with the 50-day moving average, posing a major technical hurdle in case of a rebound.
