EssilorLuxottica Shares Bounce 3.53% to €177.55 After Two-Year Low
Shares of the Franco-Italian optical giant rebounded to €177.55 this Wednesday midday in a broadly bullish Paris market. The CAC 40 is up 2.95% at 8,300 points, buoyed by geopolitical easing. This rebound comes after a three-month downward trend that cost the stock over 31%.
A Technical Rebound After an Extended Oversold Period
The share price rose by 3.53% to €177.55, after hitting a two-year low of €170.40 the previous day. The stock thus moves away from the lower Bollinger band limit at €169.59, which it had been approaching for several sessions. The RSI at 27 indicates a persistent oversold condition, shedding light on the magnitude of the rebound observed during the session. However, the moving averages remain significantly above the current price: the MM50 is at €203.54, about 14.6% above the current level. The underlying trend remains bearish, with a decline of 30.89% over the year. A sustained crossing of a threshold near the recent lows observed in mid-April (around €186.85-€195.55) will be the next technical test for EssilorLuxottica.
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Today's rebound is part of a general market movement: the CAC 40 is up 2.95%, the DAX by 2.58% and the FTSE 100 by 2.10%, while Brent crude plummets nearly 8.6% to $100.44 following reports of a memorandum project between Washington and Tehran. This easing reduces the geopolitical risk premium that had been weighing on European indices for several weeks. On a fundamental level, the publication of the first quarter 2026 revenue, unveiled at the end of April, showed a growth of 10.8% at constant exchange rates, to €7.127 billion. During this announcement, the group confirmed its revenue target of €27 to €28 billion for the period 2022-2026. The next official event on the financial calendar is the publication of the half-year results, scheduled for July 28, 2026.
Avec ce troisième trimestre consécutif de croissance à deux chiffres...
Chiffre d'affaires en hausse de +10,8 % au T1 2026.
Risks mentioned
Environnement incertain qui pourrait affecter la dynamique.
Pressions dans le secteur de la santé visuelle.
Opportunities identified
Lancement réussi des nouveaux modèles optiques Ray-Ban Meta.
Expansion du réseau de distribution avec l'investissement en Thaïlande.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
