ESSILORLUXOTTICA

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	EL
ISIN:	FR0000121667

ESSILORLUXOTTICA - Daily - Technical analysis published on 10/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 172.87 EUR

My targets

162.46 EUR (-2.09%)

154.69 EUR (-6.77%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ESSILORLUXOTTICA as long as the price remains well below 172.87 EUR. The sellers' bearish objective is set at 162.46 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 154.69 EUR. In case of crossing, the next objective would be the support located at 136.50 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ESSILORLUXOTTICA price is 165.92 EUR. The price registered an increase of +1.60% on the session and was traded between 165.82 EUR and 166.14 EUR over the period. The price is currently at +0.06% from its lowest and -0.13% from its highest.

165.82

166.14

165.92

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ESSILORLUXOTTICA:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ESSILORLUXOTTICA in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	154.69	162.46	165.87	165.92	172.87	175.51	183.27
Change (%)	-6.77%	-2.09%	-0.03%	-	+4.19%	+5.78%	+10.46%
Change	-11.23	-3.46	-0.05	-	+6.95	+9.59	+17.35
Level	Major	Major	Major	-	Major	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	160.35	161.25	162.27	163.17	164.19	165.09	166.11
Camarilla	162.77	162.95	163.12	163.30	163.48	163.65	163.83
Woodie	160.42	161.28	162.34	163.20	164.26	165.12	166.18
Fibonacci	161.25	161.98	162.43	163.17	163.90	164.35	165.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	152.09	155.89	159.97	163.77	167.85	171.65	175.73
Camarilla	161.89	162.62	163.34	164.06	164.78	165.51	166.23
Woodie	152.24	155.96	160.12	163.84	168.00	171.72	175.88
Fibonacci	155.89	158.90	160.76	163.77	166.78	168.64	171.65

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.41	151.13	158.15	168.87	175.89	186.61	193.63
Camarilla	160.28	161.91	163.53	165.16	166.79	168.41	170.04
Woodie	138.55	150.21	156.29	167.95	174.03	185.69	191.77
Fibonacci	151.13	157.91	162.10	168.87	175.65	179.84	186.61

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	36.59
MACD (12,26,9):	-2.9200
Directional Movement:	-12.40
AROON (14):	-71.43
DEMA (21):	163.14
Parabolic SAR (0,02-0,02-0,2):	165.72
Elder Ray (13):	-2.12
Super Trend (3,10):	172.49
Zig ZAG (10):	163.30
VORTEX (21):	0.8500
Stochastique (14,3,5):	23.35
TEMA (21):	161.59
Williams %R (14):	-77.60
Chande Momentum Oscillator (20):	-6.12
Repulse (5,40,3):	1.0600
ROCnROLL:	2
TRIX (15,9):	-0.2300
Courbe Coppock:	11.10

MA7:	163.53
MA20:	167.89
MA50:	172.13
MA100:	172.13
MAexp7:	163.82
MAexp20:	166.82
MAexp50:	170.25
MAexp100:	171.30
Price / MA7:	+1.46%
Price / MA20:	-1.17%
Price / MA50:	-3.61%
Price / MA100:	-3.61%
Price / MAexp7:	+1.28%
Price / MAexp20:	-0.54%
Price / MAexp50:	-2.54%
Price / MAexp100:	-3.14%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on ESSILORLUXOTTICA. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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