ESSILORLUXOTTICA (EL.PA)

FR0000121667 - Common Stock

208.1  -0.7 (-0.34%)

Technical Rating and Analysis

6

Overall EL gets a technical rating of 6 out of 10. In the last year, EL was one of the better performers, but we do observe some doubts in the very recent evolution.

Looking at the yearly performance, EL did better than 79% of all other stocks. On top of that, EL also shows a nice and consistent pattern of rising prices.
EL is part of the Health Care Equipment & Supplies industry. There are 53 other stocks in this industry. EL outperforms 75% of them.
EL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EL is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month EL has a been trading in a tight range between 207.60 and 219.00.
Weekly and Daily overview Charts
EL Weekly chart
EL Daily chart
Setup Rating and Analysis

8

EL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 208.08, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

158.00

217.67

5 important support areas can be observed.

  • A support zone ranging from 207.00 to 208.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @198.96 from a trend line in the weekly time frame.
  • A support zone ranging from 187.42 to 194.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @168.14 from a trend line in the weekly time frame.
  • Support @159.60 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 211.01 to 215.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.25
Mansfield-0.39
10 Day High219
10 Day Low207.6
20 Day High219
20 Day Low207.6
52 Week High219
52 Week Low159.68
Performance
1 Week0%
2 Weeks-2.52%
1 Month-1.6%
3 Month3.88%
6 Month-0.24%
12 Month19.1%
2 Year48.77%
3 Year26.16%
5 Year57.88%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.91
RSI(14)45.48
LBB206.46
UBB217.53
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
211.02207.593.43 (1.63%)25.00%
An entry @211.02. This is a Buy Stop order right above the 10 day moving average.An exit @207.59. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 3.43 points, which is 1.63%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%.

  • The distance between exit and entry is rather small compared to the average daily movement of EL. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EL Daily chart

ESSILORLUXOTTICA

EPA:EL (9/16/2024, 5:35:30 PM)

208.1

-0.7 (-0.34%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.34%
1 Week0%
2 Weeks-2.52%
1 Month-1.6%
3 Month3.88%
6 Month-0.24%
12 Month19.1%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.08
ATR(20)%1.32%
ATR Inc
Range Today1.9
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High219
10 Day Low207.6
20 Day High219
20 Day Low207.6
52 Week High219
52 Week Low159.68
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume139.69K
Volume Incr36.08%
Vol(5)447.33K
Vol(50)411.79K