Ongoing decline · week 43
EssilorLuxottica slips 0.8% and closes near the week's low as the rebound stalls
Our view last week
After 4 down weeks, EssilorLuxottica bounces 3.5% and sellers drop to 60% of the weekly bar's volume, from 93% a week ago. Our technical analysis on EssilorLuxottica stock shows the RSI lifting off its lows and the MACD histogram turning up, while money flow stays stuck in negative territory. The price action stalls below the daily moving averages in the 148 area, and the short remains close to a 49% gain.
This week's summary
EssilorLuxottica's rebound stalled after a single week: last week's 3.5% gain gives way to a 0.8% slip, with the week closing near its low. Our technical analysis on EssilorLuxottica stock shows the weekly RSI stuck below 30 and money flow at its lowest reading in 4 weeks, while the MACD histogram keeps edging higher. Daily price action prints a bearish engulfing pattern and the trade setup stays on the sell side, with the short more than 49% in profit.
IQS Phase
74
in tension
Signal Strength
4
decline losing steam
Sizing
MINIMUM
Ranking
#68 / 89
EU-UK stocks
Trade P&L %
+49.38%
from signal to date, no stop loss
EssilorLuxottica (EL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 68th among the 89 sell signals for European-UK stocks in our ranking, with a signal strength of 4 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV4
Sector regimeweak phase
Performanceweekly -2.52% · monthly -5.64%
EL belongs to the european sector (reference ETF EXV4). The sector is classified weak phase according to our weekly reading.
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