Cairo - Mubasher: The Egyptians for Investment and Urban Development Company’s stock is moving in an upward trend. The price opened the session with a notable rise, breaking through a key peak at EGP 0.65.
Technical analysis indicated that the stock needs to hold above the resistance level for two consecutive candles without a breakout candle to target EGP 0.69, followed by EGP 0.70, and then EGP 0.718.
Mubasher Research highlighted that the EGP 0.65 support level must be maintained to sustain the positive outlook and strengthen the opportunity to break out of the current sideways range.
Price Action Summary
Egyptians for Investment's stock experienced significant fluctuations throughout 2025. The year began with sideways movement and a noticeable lack of price action.
Starting in February, the price managed to rise, then faced sharp selling pressure until June. The stock entered a sideways accumulation range during July and August, before successfully rising from September to January 2026, from EGP 0.22 to EGP 0.75
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.
