EssilorLuxottica Shares Plunge 32% Over Three Months, Breaking Support Levels
EssilorLuxottica fell 2.44% in Monday's session to €207.60, amid a widespread retreat in European markets. The stock of the Franco-Italian optical giant has now dropped nearly 32% over three months and 7.82% in just the last week alone. The CAC 40 itself dropped 1.98% during the session, while the Nikkei 225 closed with a significant decrease of 5.20% in Tokyo.
Technical Indicators Highlight Selling Pressure
EssilorLuxottica's share price is now hovering just above the lower Bollinger Band, located at €207.28, indicating particularly strong selling pressure. The Relative Strength Index (RSI), having fallen to 24, confirms this view: this indicator, which measures the momentum of price movements, signals an oversold zone when it drops below the threshold of 30. The stock is thus well below this benchmark, which historically could precede either a technical rebound or a continuation of the correction if further negative catalysts emerge. Moreover, the share price has significantly dipped below its 20, 50, and 200-day moving averages, respectively positioned at €236.26, €254.76, and €267.53. The growing gap with these medium and long-term references illustrates the extent of the technical deterioration since the beginning of the year. The support threshold identified at €212.30 was breached downward during the session, a signal usually monitored by market operators.
Market Downturn Context on Monday
EssilorLuxottica's decline is part of a deteriorating stock market environment this Monday. In Europe, the DAX dropped 1.59% and the FTSE 100 fell 1.42% during the session. In Asia, the Nikkei recorded a fall of 5.20% at the day's close, while the Hang Seng finished down by 1.35%. The VIX, a barometer of volatility on the American markets, stood at 23.75 points on March 5, up 12.29% from the previous day, indicating a resurgence of nervousness. Over the past year, the stock of the world leader in eyewear and corrective lenses has lost 23.68% of its value. Upcoming dates on the financial calendar for the group could provide new elements for assessment: the publication of first-quarter revenue is scheduled for April 22, 2026, followed by the general meeting planned for April 28. The semi-annual results, expected on July 28, will be a major milestone to evaluate the operational trajectory of the group headquartered in Charenton-le-Pont.
