EssilorLuxottica stock rebounds but remains down 13.5% for the quarter
EssilorLuxottica is recovering ground this Wednesday morning, although the stock remains heavily weighted down over quarterly and annual horizons. The technical configuration remains under pressure, but the session offers some relief after the lows broken in recent weeks.
A modest rebound that fails to erase a quarterly decline of more than 13%
EssilorLuxottica gains 0.83% to €145.70 in trading, ranking among the strongest gains of the CAC 40 in a day that is globally stable for the Paris index (around +0.1%). This spike comes after an already positive close, but it only compensates for a fraction of the ground lost: the stock still shows a decline of 10.72% over one month and 13.53% over the quarter. Over one year, the loss is close to 47%, reflecting the magnitude of the corrective move underway since the peaks.
RBC Capital lowered its price target from €230 to €190 on September 22, while maintaining its "outperform" rating. At €190, this target still represents an upside potential of around 30% compared to the current price, according to analyst consensus. The group also repurchased €1.2 billion of its own shares over twelve months, or 1.8% of its market capitalization, which demonstrates continued support for the stock price.
Moving averages form a technical ceiling weighing on the recovery
Despite today's rebound, the technical structure remains unfavorable. The price at €145.70 is trading below its three moving averages: the 20-day MA at €150.42 (gap of 3.14%), the 50-day MA at €159.82 (gap of 8.83%) and the 200-day MA at €201.26 (gap of 27.61%). These levels form as many successive resistances that the stock must break through to envisage a normalization of the trend.
The RSI at 37, although in slight recovery compared to the extreme levels touched in mid-September (26 at the lowest level since 2022 recorded on September 18), remains in a weakness zone without a confirmed turnaround signal. The support at €139 constitutes the reference floor to monitor if pressure returned on the stock. When the group published its H1 2026 results on July 28, it posted free cash flow of €1.07 billion in growth and adjusted operating income up 15% at constant exchange rates, figures that the stock market decline in recent weeks tends to eclipse.
