EssilorLuxottica Shares Slide to Key Support After a 28% Drop Over Three Months

Current Trading Session Analysis

In today's session, EssilorLuxottica is trading at 196.30 euros, significantly below its 50-day moving average of 224.57 euros, which itself is well below the 200-day moving average of 262.75 euros. This growing gap between the price and these trend indicators reflects a bearish momentum established over several weeks. The stock is nearing its technical support identified at 190.20 euros, a threshold that, if breached, could pave the way for a new episode of weakness. In terms of Bollinger Bands, the price is in the lower part of the channel, at 39% between the lower bound (185.71 euros) and the upper bound (212.67 euros). This position reflects persistent selling pressure, without yet indicating an extreme oversold situation. The RSI stands at 44, a neutral level but trending towards a zone of vulnerability, consistent with the trend observed in recent months. Over a year, the stock's loss exceeds 18%.

Market Context and Upcoming Events

EssilorLuxottica's decline is part of a generalized downturn in the CAC 40, which is down 0.72% in the session at 8,204.70 points. The SBF 120 also loses 0.68%. Among comparable major stocks, LVMH is down 3.88% and L'Oréal loses 1.61%, marking a challenging day for the heavyweights of the Paris stock market. On the calendar, the group led by Francesco Milleri is set to publish its first quarter 2026 revenue on April 22, followed by the annual general meeting on April 28. These two events will be crucial in assessing the company's commercial trajectory and governance in a high-volatility environment, with the VIX trading above 25 points.