Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the stock of Sinai Cement has been on a clear upward trend since mid-2025, backed by an upward trend line acting as a main support area which helped the stock to rebound during the downward waves that appeared in the past period.
According to Mubasher Trade Research, as the stock recently approached this upward line, a strong positive candlestick appeared accompanied by improvement in trading volumes, which indicated the entry of buying forces at an effective support zone.
Moreover, the continued trading above EGP 58 places the stock in a positive consolidation zone, while the levels of EGP 64.50 and then EGP 67 remain the nearest resistance in the short term.
Breaking through the upward trend line will change the current situation and bring the stock back to test the support level at EGP 56, according to Mubasher Trade. However, until the present time, the overall trend remains positive as long as it stays above the current rebound area.
Company Overview
Sinai Cement is a public company listed on the Egyptian Exchange (EGX) since July 2000, operating in the materials sector with a focus on construction materials.
Summary of Price Movements
The stock began 2025 with a calm movement leaning toward stability for a long period, before starting a gradual upward movement with the onset of the third quarter (Q3) of the year. With improvement in trading, the prices clearly moved to higher levels and the stock witnessed strong upward waves during September and October, pushing it to new peaks compared to the beginning of 2025.
In the recent weeks, there has been some natural pullback after the significant upward wave, before the stock regained stability near its main support levels.
In general, the stock's movement this year has been characterized by a transition from a long period of price stagnation to a noticeable rise, followed by a limited decline while retaining the gains achieved over the past months.
Important note: This analysis is based on the foundations and tools of technical analysis, and reflects a purely analytical perspective that may vary depending on the methods of reading and interpretation. What is stated in this report should not be considered a direct recommendation to buy or sell, nor 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.
