EssilorLuxottica Share Falls to €149.75, an Unprecedented Low Since 2022
EssilorLuxottica continues to decline during trading on Friday, marking a new record low unseen since 2022, the year of the Ukraine war and rising interest rates. The stock ranks among the steepest declines in the CAC 40, in an otherwise globally stable market.
A Four-Year Low Breached as the Stock Drifts Far from Its Moving Averages
In mid-afternoon, EssilorLuxottica fell 2.06% to €149.80, after touching €149.75 during the session, a level not reached since 2022. The previous floor of €150.15 set that year has now been breached, marking a four-year bearish record. Over the week, the decline approaches 4.9%, and over one month the stock has lost nearly 11.7%.
The technical configuration has deteriorated across all timeframes: the price is trading below the 20-day moving average at €163.32 (a gap of 8.3%) and below the 50-day moving average at €166.22 (a gap of nearly 10%), while the 200-day moving average at €211.81 is 29.3% above the current price. The RSI at 41, close to oversold territory without reaching it, reflects selling pressure that is persisting over time without a clear exhaustion signal. The nearest resistance stands at €157.50, representing a first level to reclaim before any return toward the moving averages.
Solid Fundamentals in H1 2026, but a Macro Environment Weighing on Valuation
During the publication of H1 2026 results on July 28, EssilorLuxottica reported adjusted operating income up 15% at constant exchange rates and free cash flow of €1.07 billion, an increase of €100 million. The reported margin came in at 18.6%, versus 18.9% at constant rates, with currency effects clearly weighing on results conversion. The partnership established with Applied Materials on intelligent optical systems was among the forward-looking signals highlighted on this occasion.
On Friday, the market context remains challenging for consumer stocks: the G20 Finance meeting in Asheville concluded without a joint statement, with China blocking the text on "non-market practices," which reinforces expectations of commercial fragmentation across global value chains such as those in optics. In parallel, escalating tensions in the Middle East and Brent crude approaching $95 per barrel are fueling a general risk premium on European assets, with the CAC 40 declining 0.34% during the session. Support at €157.50 remains the reference level to monitor in assessing a potential return of demand for the stock.
