EssilorLuxottica Shares Gain Over 2.5% and Reclaim Position Above Moving Averages
The Franco-Italian optical giant picks up pace in the mid-afternoon, extending the rebound that started the previous day. The stock ranks among the top gainers in the CAC 40, amid a shift towards consumer stocks. This progression allows the stock to consolidate the recovery that began in late June, after several weeks of decline.
A Rebound That Positions the Stock Among the Top Gainers of the CAC 40
EssilorLuxottica's stock rises 2.61% to €177.10 during the session, while the CAC 40 modestly increases by 0.32% to 8,506.61 points. The stock is among the top gainers of the Paris index, following the lead of Pernod Ricard, Carrefour, and L'Oréal, which are boosting the consumer sector today. Over the week, the stock now shows a gain of more than 8%, offsetting part of the quarterly decline that still weighs in at 7.4%. Today's movement extends the rebound noted yesterday, when the stock had returned to its short-term moving averages.
The current session confirms this crossing: the price clearly moves above the MM20 (€173.37) and MM50 (€174.03), with a gap of just over 2% from the first. The MM200, at €239.41, remains far away (26% above the price), indicating that the recovery is part of a short-term movement, not a reversal of the underlying trend. The RSI at 49 still leaves room before reaching any overbought zone.
A Recovery That Still Needs to Overcome the €184.05 Resistance
The movement occurs in a calm market environment, with a nearly unchanged VIX at 15.86 and well-oriented European indices. The recent downward trend had brought the stock close to its support at €162.25, tested at the end of June. Since this low, the stock has recovered nearly 9%, driven by a more favorable climate for European consumer-exposed stocks. The next technical milestone is the resistance at €184.05, about 4% above current levels.
The MACD, whose histogram has moved back into positive territory (+0.31), supports the movement, although it has not yet crossed its signal line into a clearly bullish zone. Over twelve months, the stock is still down more than 24%, with the extent of the drop from the MM200 illustrating the journey left to return to the peaks of autumn 2025. The next benchmarks will come from the publication of the first half results.
