EssilorLuxottica Shares Bounce Back Nearly 3%, Surpassing €177
The Franco-Italian optical giant marks a sharp rebound at mid-session, with the CAC 40 significantly trending upwards. The stock confirms the recovery that began at the end of May, after a harsh spring that brought it down to multi-year lows. However, medium and long-term benchmarks remain distant.
A Marked Rebound Bringing the Stock Above the 20-Day Moving Average
EssilorLuxottica shares gained 2.51% to €177.50 at midday, up from €173.15 the previous day. The stock ranks among the top gainers in the CAC 40, which itself is up by 0.9% at 8,272.7 points. The movement pushes the price above the 20-day moving average (€173.35), with a gap of about 2.4%. However, the 50-day moving average at €184.26 remains 3.7% above the current price, and the 200-day moving average at €248.54 illustrates the extent of the decline, with a loss of 28.5% over the year. The RSI at 45 remains neutral, following a MACD that is improving (-3.03 against -4.02 for the signal line). The identified resistance at €186.45 remains a technical barrier above the current price.
A Recovery in a Context of Increased Market Volatility
The rebound is part of the continuation of the recovery already documented last week, as the stock attempted to exit its bearish channel. Over the past month, the stock is up 3.56%, but the quarterly decline remains significant at 16.59%. The session context is marked by a sharp increase in the VIX (+39.68% on the last measurement, at 21.51), indicating revived volatility on the American markets. In Paris, the SBF 120 is up by 0.83%. Regarding stock operations, EssilorLuxottica finalized on June 1st the capital increase linked to the payment of the 2025 dividend in shares, with 957,954 new shares issued. The next technical benchmark above the current price would be breaking the resistance at €186.45.
