Cairo – Mubasher: The stock of Ismailia Misr Poultry highlighted a sideways movement during March 2026, below a key resistance level around EGP 14.10.
The price has bounced off this level multiple times in recent periods, highlighting the importance of this technical zone for traders.
According to Mubasher Research, the stock recently began to rise near the resistance level in yesterday's session, accompanied by active trading volumes. If the price holds above this level for two consecutive candles without a breakout candle, the EGP 14.40-EGP 14.60 levels are likely to be targeted.
If the buying momentum continues, the next targets will be around EGP 14.81-EGP 15.25. The EGP 13.80 support level must be maintained to preserve the positive outlook.
The stock price movement during 2026 has been characterized by a wide sideways range. It began trading in January with some declines.
At the beginning of April, the stock experienced an upward surge supported by a significant increase in trading volumes, indicating a relative improvement in buying appetite.
However, the stock subsequently came under selling pressure, pushing it back into a sideways range. It faces a significant resistance level at EGP 14.15, a psychological barrier from which the price has bounced several times.
A break above this level would be a positive signal, potentially supporting improved technical performance and restoring upward momentum in the coming period.
Price Action
The company’s stock has been moving sideways since the beginning of 2026, failing to break through key levels during January.
With the start of February, the stock experienced strong selling pressure, breaking out of the sideways range and leading to further declines until March. Then, it rebounded to test the major resistance around EGP 29.70, which will determine its direction in the coming period.
Overall, the stock remains within a primary downtrend, despite the current rebound attempts.
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.
