EssilorLuxottica stock rebounds after low at 138.85 €, RSI in oversold territory
EssilorLuxottica posts a rebound during Monday's session, ranking among the gainers in a rising CAC 40. The move occurs against a backdrop of monetary tightening, with coordinated tightening by major central banks continuing to weigh on European consumer stocks for several weeks.
Technical rebound after brief breach below the 139 € support level
EssilorLuxottica gains 1.65% to 141.30 € during the session, after briefly breaking through its 139 € support level during the morning, touching an intraday low of 138.85 € before recovering above it. This downside breach, not confirmed at close, underscores the significance of the current rebound: the stock is testing here a closely watched level, already approached during the pullbacks of the previous week. In terms of moving averages, the configuration remains deteriorated.
The price is trading 7.27% below the 20-day MA at 152.38 € and 12.19% below the 50-day MA at 160.92 €, two moving average levels that are weighing on any attempt at sustained recovery. The RSI at 24 reflects a marked oversold configuration, consistent with the decline of nearly 19% recorded over three months.
Solid fundamentals but stock weighed down by macro pressure and a 48% decline over one year
The stock's twelve-month decline reaches 48.37%, an amplitude that contrasts with the first-half 2026 results, published on July 28, which showed growth close to double digits and adjusted operating income up 15% at constant exchange rates. The group also generated free cash flow of 1.07 billion euros over the period, up 100 million euros. These figures were insufficient to stem the stock decline, in an environment where the coordinated increase in policy rates by the Fed, the ECB and the Bank of Japan this week maintains pressure on growth and consumption stocks with elevated valuations.
On the capital front, the group repurchased 1.2 billion euros of shares over twelve months, representing 1.8% of its market capitalization according to the latest declaration of September 3, 2026, a program that mechanically supports the stock without reversing its trend. Resistance at 172.30 € remains the nearest technical objective beyond which a trend reversal could take shape.
