Cairo - Mubasher: The stock of Egyptian Media Production City Company (EMPC) recently rebounded and is currently testing significant resistance at EGP 26.25.
Holding above this resistance level would strengthen the rebound towards EGP 27.00, followed by EGP 27.50, and then the EGP 28.00-EGP 28.20 range. Maintaining the EGP 26.00 support level is crucial to avoid further declines.
Technical indicators suggest the current trend is strong, with the Relative Strength Index (RSI) showing trading above the neutral level.
Price Action Summary
The EGX-listed company’s stock began trading in 2025 with a notable rise. However, starting in February, the stock faced significant selling pressure until April.
Commencing in May, the stock successfully formed rising lows with increased trading volumes, reaching a historic high near EGP 37.20 in September.
The price then experienced a sharp decline due to profit-taking during the last quarter of 2025, and selling pressure continued 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.
