Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the stock of Cairo for Housing and Development Company has experienced significant falls in the past period, but the stock is still maintaining an upward trajectory and trading above the moving average, which represents a moving support for the price.
The price is currently testing an important demand zone at around EGP 2.260 – EGP 2.230 and in case of showing a positive price behavior from these areas, the stock may rebound to the EGP 2.31 level. However, maintaining above the level reinforces the upward movement toward the EGP 2.37 level.
Mubasher Trade Research noted that if the stock remains below the level of EGP 2.230 with two consecutive candles without an intervening reversal candle, it may open the way to target the EGP 2.195 level.
Price Movement Summary
Cairo Housing stock began 2025 with a sideways movement and low trading volumes in January.
With the beginning of February, the stock succeeded in rising with a noticeable increase in trading volumes until early May.
Then, the stock showed a clear weakness in price behavior, as it began to form declining highs and faced selling pressure until June.
Following that, the price managed to rise from July to December, and at the beginning of 2026, the price experienced a sharp correction but still maintained the upward trend.
Important note: This analysis is based solely on the foundations and tools of technical analysis and reflects a purely analytical perspective that may vary depending on the methods of interpretation and assessment. 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 personal goals.
