EssilorLuxottica stock rebounds after its lowest point since 2022 at 138.85 €
EssilorLuxottica is gaining momentum this Monday morning, ranking among the most sought-after securities in an almost stable CAC 40. The rebound comes after a week marked by the presentation of the new generation of smart glasses developed with Meta Platforms, in a context of strong pressure on the stock for several weeks.
A 2% rebound that brings weekly gains to nearly 6% over the week
EssilorLuxottica is gaining 2.08% in trading at 146.90 €, ranking among the strongest increases in the CAC 40 while the Paris index advances by only 0.12%. This momentum extends a positive dynamic initiated during the week: the stock shows a 5.68% gain over seven days, after hitting a low since 2022 at 138.85 € on September 21. The monthly outlook remains heavily negative at -6.73%, and pressure remains strong over longer timeframes, with a decline of 12.9% over three months and nearly 46% over one year. The group had also repurchased 1.2 billion euros of its own shares over twelve months, a fundamental support for the price that Monday's rebound highlights.
A technical configuration still under pressure despite the current rebound
Despite the positive movement of the day, the overall configuration remains under pressure. The price of 146.90 € is trading below the 20-day moving average at 148.56 € (gap of -1.12%) and well below the 50-day moving average at 158.53 € (gap of -7.34%), two resistance levels that hamper any sustained recovery. The MACD, whose histogram is slightly moving back into positive territory at 0.53, reflects an easing of selling pressure from recent weeks, consistent with the RSI at 40 which remains below the neutral zone without signaling extreme oversold conditions.
The support at 139 €, tested at the low point on Monday, September 21, is holding for now, and the next resistance is located at 163.90 €. When the group published its first half 2026 results on July 28, it highlighted a 15% increase in adjusted operating income at constant exchange rates and a strategic partnership with Applied Materials in intelligent optical systems, elements that have not yet been sufficient to reverse the underlying market trend.
