Cairo - Mubasher: Technical analysis indicates that movements of Talaat Moustafa Group Holding Company (TMG Holding) stock aligned with the previous outlook.
The EGP 86.85 level formed a strong support base, propelling the price towards EGP 90.60-96.40, a target the stock successfully reached.
The stock subsequently experienced sharp selling pressure, accompanied by a noticeable decline in trading volume. It is currently testing a key support level around EGP 74.00. Maintaining this support is crucial to halting the ongoing decline.
A break below this support level would likely extend the downward movement toward EGP 72.30–70.20. Conversely, a return to price stability above EGP 77.50 could mitigate selling pressure and pave the way for a retest of the EGP 81.75 resistance level.
Regarding technical indicators, the price remaining below both the long-term and short-term moving averages in a 4-hour timeframe reinforces the continued negative outlook in the short term.
Price Action Summary
The group’s stock began 2025 around the EGP 55.00 level. It then entered a gradual downward trend with a slight sideways bias, driven by clear selling pressure in the first quarter.
The price reached its lowest point at EGP 46.50 in April 2025.
Following this, the stock experienced a strong rebound that lasted from May to December, as buyers successfully recovered all previous losses and broke through the year's opening levels, achieving a new all-time high near EGP 96.40 in February 2026.
The stock then experienced sharp selling pressure until March and is currently testing a key technical support level near EGP 74, which will determine the stock's direction in the coming period.
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. The content 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.
