EssilorLuxottica Shares Fall 3.9% at the Close of January 16
EssilorLuxottica shares experienced a challenging session this Friday, January 16, 2026, dropping 3.9% to 271 euros after opening at 282.90 euros. The global leader in optics was caught in a technical correction wave, erasing some of the gains made earlier in the week following a positive note from HSBC and rumors of doubling the production of smart glasses with Meta.
Market Dynamics and Technical Indicators
The Franco-Italian optical giant faced sustained selling pressure throughout the day, falling below its 280 euros threshold right at the opening to touch a low of 269.90 euros. This sharp correction occurred after a rebound on the 100-day moving average around 287 euros, leading to a quick reversion to the 20-day moving average at 273.50 euros. The RSI, at 65, suggests that the stock remains in a neutral zone without immediate overselling signals. The 50-day moving average, now at 293.31 euros, stands as a technical resistance that the price must overcome to reconnect with a clearer upward momentum. The trading volume, representing 0.16% of the capital, remains moderate, indicating a correction more linked to profit-taking than to a panic movement. However, the stock still shows a solid annual performance of 14.49%, significantly above its 200-day moving average of 268.33 euros, confirming an underlying favorable trend despite recent volatility.
Expansion Plans with Meta
Meta and EssilorLuxottica are discussing a potential doubling of their production capacity for AI-equipped smart glasses by the end of 2026, in response to growing demand for Ray-Ban Meta models. The manufacturer is already nearing its current capacity goal of 10 million units initially set for the end of 2026. The two partners are considering increasing the annual capacity to 20 million units or more by the end of the year, with the possibility of exceeding 30 million units if demand warrants it. This news comes as several analysts have adjusted their targets this week. HSBC upgraded its recommendation to 'buy' on January 15 with a target of 340 euros, while Kepler Cheuvreux now aims for 350 euros. Analyst forecasts highlight an average upside potential of over 25% from the current price, reflecting optimism about the prospects of the smart glasses segment, which already accounts for more than a third of the group's revenue growth.
