EssilorLuxottica, the No. 1 in optics, falters on the stock market, danger? : the tip of the day

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EssilorLuxottica is suffering on the stock market, despite excellent visibility, from the marked disaffection for growth stocks. What to do with his actions?

Through Nicolas GALLANT Journalist economics, finance, stock market

Published on 10 / 00 / 2021 at 14 h 47

EssilorLuxottica is struggling. Like other growth stocks, particularly affected by the rise in long-term interest rates, the world No. 1 in optics has recently lost ground, returning to its lows of last December. It must be said that despite extremely solid fundamentals (leadership strengthened by the addition of Luxottica and GrandVision , financial debt under control, technological advance …), Essilor is paid dearly on the stock market, at nearly 32 times the expected profits for 2021. Oddo, who has a course target of 176 only from the point of view of fundamentals , could however adjust its profit forecasts upwards due to a hitherto fairly conservative scenario on the recently acquired GrandVision. The world No. 1 in optics is currently evolving in tidy, i.e. within a horizontal price fluctuation band. The action is in contact with the bottom of the cloud of the Ichimoku method – dynamic bullish support which has proved its relevance in 2020, repeatedly promoting a rebound in the stock price – and the moving average at 100 days (MM 100), at 176, 05 – 176, 34 euros. A confirmed rupture of this major support, then 162, 28 – 175 euros and 162, 50 euros (crossing point of the lower bound of a medium-term bullish channel) would encourage caution on the EssilorLuxottica share. Capital (Investing data) How to take advantage of the opportunities offered by the Stock Exchange? Discover our full analysis on EssilorLuxottica in Momentum, the Premium newsletter from Capital on the Stock Exchange. Numerous analyzes (technical, financial and economic), scenarios (on stocks, indices, gold, cryptocurrencies, currencies …), the main news to remember … Every day, at 12 h 28, in your e-mail box for only 6, 84 euros per month. And right now, with the promo code CAPITAL 28 J, enjoy one month of free trial. To subscribe, just click on the link below. >> Buy and sell your investments (stocks, cryptocurrencies, or…) at the right time thanks to Momentum, Capital’s newsletter on technical analysis. And right now, with the promo code CAPITAL 28 J, enjoy a month of free trial.

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