Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the stock of Misr Cement – Qena experienced a strong rise during 2025, achieving a historical peak near the EGP 185.70 level.
The stock then witnessed some corrections within a declining wedge pattern, which is technically considered one of the reversal patterns if the price successfully breaks through its upper limit.
Mubasher Trade Research indicated that maintaining the price above EGP 181.80 enhances the chances of an upward movement to test the main resistance around the EGP 185.75 level. Meanwhile, exceeding this level would push the price towards the EGP 190.35 – EGP 194 level.
On the other hand, holding below the level of EGP 170.85 weakens the chances of an upward movement.
Technical indicators suggest a positive performance, as the Relative Strength Index (RSI) moves above the neutral level, while the Average Directional Index (ADX) shows a positive signal reflecting the strength of the buying momentum, supported by the crossover of the +DI line above the –DI line.
Price Movement Summary
The stock of Misr Cement began its trading in 2025 with a notable rise in January, where it formed higher peaks and troughs supported by high trading volumes.
Then, the stock entered a sideways movement from February to April.
Starting from May, the price succeeded in breaking out of the sideways range, supported by a series of ascending peaks and troughs.
Meanwhile in January 2026, the stock recorded a historical peak near the EGP 185.70 level.
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 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 personal goals.
