Cairo - Mubasher: The stock of Palm Hills Developments Company is moving in an upward trend, maintaining its price above the ascending trend line.
The stock successfully broke through its previous all-time high around EGP 9.50 with high trading volumes, suggesting a potential continuation of the upward movement towards EGP 10.00.
A break above this level would push the price towards EGP 10.15. However, if the price remains below EGP 9.40, it could lead to a decline towards EGP 9.10.
Technical indicators highlight positive performance, with the Relative Strength Index (RSI) moving above the neutral level, while the Moving Average Convergence Divergence (MACD) is showing positive signals.
The company’s shares began trading in 2025 with a notable decline in January, accompanied by a decrease in trading volumes.
The price then began to rise starting in February, supported by a series of rising highs and lows, reaching a historic peak near EGP 9.50 in July. Nonetheless, the stock subsequently experienced a natural correction due to profit-taking, which extended from July to September 2025.
This correction occurred within a healthy technical framework and was not accompanied by a break below key support levels. The price then successfully rebounded, breaking through the historic high in February 2026.
Disclaimer:
This analysis is based on technical analysis tools and reflects a comprehensive analytical view that may vary depending on interpretation methods.
It does not constitute a direct recommendation to buy or sell, nor an invitation to make investment decisions. This is intended solely for monitoring and study purposes. Investment decisions are the sole responsibility of the investor, based on their financial situation and investment goals.
