EssilorLuxottica Shares Plunge to €206.70: Support Broken, RSI at 26
EssilorLuxottica shares fell by 1.94% during the session this Friday, reaching €206.70. Two technical signals have simultaneously manifested, pointing in the same direction and forming a configuration of marked selling pressure. The stock has now declined by 26.73% over three months.
Clear Technical Reading of the Session
The technical analysis of the session is unequivocal: the active signals reinforce each other. The price has broken below the support level at €208.30, setting a new low at €206.70. Simultaneously, the RSI has plummeted to 26, well below the oversold threshold of 30, after briefly rising to 32 the previous day. This rapid return below this threshold, after a brief rise above it, betrays a persistent selling dynamic rather than a stabilized rebound signal. The stock is significantly distant from its moving averages: the 50-day moving average is at €249.96 and the 200-day at €266.78, representing respective gaps of more than €43 and €60 from the current price.
Not Just a Single Session's Outcome
The current situation is not the result of just one session. The history of indicators shows that EssilorLuxottica's RSI has been hovering around or below the oversold zone since the beginning of March, having touched 21 on March 5 and 6, before a slight relaxation above 30 on March 11 and 12. This technical rebound did not hold: the RSI plunged back to 26 this Friday, and the price fell below the €208.30 support level, which had temporarily acted as a floor on March 9. Over the past seven days, the loss reaches 4.26%, in a context of a generally stable market — the CAC 40 is down 0.14% in the session. The stock's one-year performance is at -23.44%, illustrating a long-term unfavorable trend, independent of short-term fluctuations. The next key events that could provide fundamental insights are the first quarter 2026 revenue, expected on April 22, and the annual general meeting on April 28.
