EssilorLuxottica Shares Slide to €173, Nearing Key Support at €171.50
The Franco-Italian optical giant falls by 1.87% to €173 in mid-morning trading, in a CAC 40 that loses 0.80% at 8,136 points. The stock is among the top five declines of the index and erases part of the rebound observed at the beginning of the week. The downward trend remains heavy: -32% over three months, -29% over a year.
A Stock Clinging to Its €171.50 Support
The price is moving very close to the technical support identified at €171.50, which is about a 0.9% difference. Below this level, the stock would lack recent reference points, as its last lows had already fallen earlier in the week to €170.40 according to a previous brief.
The RSI at 33 indicates seller exhaustion, though it does not yet signal a reversal. The Bollinger Bands place the lower boundary at €165.65, suggesting there is still theoretical downside before a clear oversold configuration occurs. The MM50 at €201.11 and the MM200 at €257.97 remain far above the current price, illustrating the depth of the decline since the start of the year.
Clear Schedule Until Summer, Market Still Digesting Q1
ESSILORLUXOTTICA had posted a revenue of €7,127 million in the first quarter of 2026, up 10.8% at constant exchange rates, marking the third consecutive quarter of double-digit growth according to a brief published on April 23. The price reaction was negative that day (-3.7%), and the underlying trend has not reversed since.
The financial calendar has no more appointments until the 2026 half-year results, expected on July 28. The third quarter revenue will follow on October 20. Without intermediate publications, the stock is expected to move according to the index context and possible analyst revisions. The medium-term trend remains distinctly negative as long as the price is below its MM50 at €201.11.
