Cairo – Mubasher: Technical movements signaled by Mubasher Trade indicate that Elsewedy Electric Company stock has recently witnessed an attempt to break through the downward trend line extending for several months, which represents a positive technical signal after a period of sideways trading near the EGP 70-80 levels.
The stock succeeded in surpassing this downward line with a slight increase in trading volume, reflecting the renewed appearance of buying forces.
According to the Mubasher Trade Research Department, technical indicators such as RSI and MACD support this scenario, both indicating clear interest in the current price levels. The MACD indicator shows a gradual reversal of the previous negative trend with an attempt to cross the signal line, indicating an increasing buying power.
Technically, the stock's success in continuing to trade above the downward trend line is considered a strong breakout signal, and it may open the door to targeting nearby resistance levels at EGP 85–90, with stop-loss levels set below the EGP 74–75 zone to protect positions in case the upward breakout does not resume.
Company Overview
Elsewedy Electric is a global company operating in five main business sectors: wires, cables, and accessories; electrical products; engineering and construction; digital solutions; and infrastructure investments.
The company has a strong presence in 19 countries around the world, with 34 production facilities spread across African and Asian countries including Egypt, Algeria, Saudi Arabia, Qatar, Indonesia, Pakistan, and Tanzania.
Summary of Price Movements
Regarding the performance of the (SWDY) company, it has witnessed significant fluctuations since the beginning of 2025, reaching EGP 95 before gradually retreating to around EGP 75 pounds and starting to accumulate in the medium range; to reach the current support levels, which provided an opportunity for renewed buying power and thus a rise to the current prices, while the previous peaks represent a clear resistance for the stock. Any break below the EGP 70 level could put pressure on the price, while successfully testing the resistance at EGP 95 would enhance the stock's positive momentum.
Important Note: This analysis is based on the principles and tools of technical analysis and reflects a purely analytical perspective that may vary depending on the methods of interpretation and assessment. What is stated in this report should not be considered a direct recommendation to buy or sell or an invitation to make any investment decisions; it is for monitoring and study purposes only. Investment decisions are the sole responsibility of the investor based on their financial situation and specific investment goals.
