Cairo – Mubasher: Technical analysis indicates that Al Shams Housing and Urbanization's stock experienced a sharp decline starting in November 2025, and the price is currently testing a significant support level around EGP 6.95.
Mubasher noted that if the price remains below this level for two consecutive candles without a breakout candle, the downward movement is likely to extend to the EGP 6.69-EGP 6.47 range, which represents a significant demand zone.
This zone is expected to be a key monitoring point, as it may witness a decrease in selling pressure or the emergence of buying activity leading to a rebound to the EGP 6.95 level.
Successful price stability above the support level would strengthen the speculative rebound towards EGP 7.15, followed by EGP 7.35, and then EGP 7.50.
Price Action Summary
The company’s stock began 2025 with a sideways, fluctuating trend and relatively low trading volumes in January and February.
Starting in March, the price successfully rose, supported by a series of higher peaks and troughs, forming an upward trend until November. Then the price was subjected to severe selling pressure until January 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.
