The French personal care company is due to report its quarterly earnings today. Analysts are expecting revenue of around ?9.15 billion.

The French personal care company is due to report its quarterly earnings today, analysts are expecting revenue of around €9.15 billion. From a technical outlook, the company's shares are valued at €326.27 a share. Applying the Fibonacci retracement to the chart, towards the downside, the first support level sits at €311.35 followed by a major support base resting at €300.45. A break below the support base could see the stock slide towards the €290 mark. Towards the upside, minor resistance sits at €333.62 (just above the 23.6% fib) followed by a further resistance point at €341.02. A break above the €341.02 point could see the stock hike towards the 38.2% fib level. A strong earnings report could be the starting point for any bullish movement. Looking at the indicators, MACD is currently neutral and RSI reads 42, slightly below the neutral level.