Cairo – Mubasher: The stock of Egypt for Poultry experienced a sharp decline during February after a strong upward surge, before beginning a gradual rebound near its long-term moving average.

Mubasher Research pointed out that the stock began Wednesday’s session with a notable rise, surpassing a significant technical resistance level near EGP 8.50.

Breaking through this level, accompanied by high trading volumes, strengthens the chances of targeting the EGP 8.917-9.11 range, technical analysis noted.

Confirmation of a close above these levels reinforces the likelihood of targeting higher levels towards EGP 9.44-9.61.

The EGP 8.40 level remains a key support for maintaining the short-term positive outlook, as holding above it supports the continuation of the upward movement."

The Relative Strength Index (RSI) reflects a move above the neutral level, confirming the market's current bullish momentum.

Price Action Summary

The stock successfully broke out of the sideways range that persisted during the second half (H2) of 2025, beginning trading in 2026.

High trading volumes accompanied this breakout, pushing the price to EGP 12.25 in February.

Following this, the stock experienced some corrections due to profit-taking, but it maintains its secondary upward trend, preserving the bullish structure that reflects the strength of the positive momentum in the medium term.

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. The content 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.