EssilorLuxottica's Stock Rises Nearly 2.5% After a 26% Drop Over Three Months

The stock moves above its MM20 but remains well behind its long-term averages

EssilorLuxottica's stock is up 2.24% at €175.95 in mid-afternoon trading, while the CAC 40 is up 1.21% at 8,271 points and the SBF 120 is up 1.05%. The stock ranks in the upper half of the Paris index, in a session dominated by luxury brands (Kering, L'Oréal, Hermès, LVMH leading). The rebound moves the price just above the MM20 at €174.30 (a gap of +0.95%), a first technical signal after several weeks of sliding. However, the medium and long-term configuration remains degraded: the MM50 at €188.80 and the MM200 at €252.74 are still well above the current price, with a gap of -6.81% and -30.38% respectively. The RSI at 39 indicates a still weak dynamic, and the 26.47% decline over three months highlights the magnitude of the ongoing correction. The support at €165.45, already approached during the low of €164.15 on May 12, remains the reference zone in case of a turnaround.

A heavy downward sequence after an already troubled stock performance

Today's rebound comes at the end of a delicate phase for the stock, which has lost 31.05% over a year. The sequence was marked by several successive lows: a two-year low at €174.70 on May 4, then a new unprecedented low since 2023 at €162.50 during the session on May 12. Today's dynamic is part of a broader recovery movement in consumer-sensitive values, as luxury dominates the Paris stock list. Over the last twelve months, the stock remains in marked negative territory, despite having posted solid quarterly results in recent exercises, with double-digit growth reported in previous quarterly releases. The one-month volatility at 8.50 reflects a market still nervous about the value. The stock's ability to stay above the MM20, after several weeks below this benchmark, is the technical element to watch in the coming sessions.