National Vision Holdings Inc

In a clear Stage 4 distribution with price below all major EMAs and an active lower highs & lower lows pattern, both medium- and long-term biases are bearish. Short-term weakness and lack of support suggest selling into rallies toward the 9- and 20-day EMAs, with rejections at these resistance zones confirming further downside potential.

• ↑Q2 adjusted EPS of $0.25 (+38.9% YoY) surpassed consensus
• ↑Company raised full-year revenue outlook after strong quarter
• ↓Q2 transactions down 4.9% YoY points to soft consumer demand