Cairo - Mubasher: Technical analysis indicates that the stock of Arabian Food Industries Company (Domty) is moving in a secondary uptrend.
The stock experienced selling pressure in February, leading to a break below the upward trend line. The price is currently finding support at a key level around EGP 24.00.
Mubasher Research noted that if the price remains below this support level, it could decline towards EGP 23.50-EGP 22.85.
Conversely, if the stock holds above the support level for two consecutive sessions, a rebound towards EGP 25.35 is likely.
The Relative Strength Index (RSI) is moving below the neutral level, indicating a decrease in buying momentum, while the Volume indicator shows a decline in trading volumes.
Price Action Summary:
Domty's stock experienced significant volatility throughout 2025, opening near its all-time high of EGP 28.34 recorded in October 2024.
During the first quarter of the year, the stock moved sideways, reflecting a relative balance between supply and demand forces, before experiencing sharp selling pressure from April to June, testing the previous year's support levels.
Following this, the stock managed to regain positive momentum, supported by a significant improvement in trading volumes, resuming its upward trend that continued until February 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.
