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Comprehensive Technical Analysis and Outlook for KIMA StockThe KIMA stock chart presents a comprehensive technical analysis with several indicators and overlays. At the top, the Volume Price Trend (VPT) indicator highlights cumulative volume adjusted for price changes, reflecting significant buying and selling pressures through its peaks and troughs. The Efforts vs. Results indicator below demonstrates the relationship between volume and price movements, where oscillations and crossovers can signal potential reversals or trend continuations. The main price chart, which uses Heikin Ashi candles, shows a slight increase to 7.158 EGP (+0.42%). It includes a Moving Average (MA9) to identify short-term trends, and volume is shown at the bottom to gauge trading activity. The light line on the price chart represents the Tenkan-sen from the Ichimoku cloud, which provides insight into short-term momentum and trend direction. The chart also features Fibonacci retracement levels, marking significant support and resistance levels at 0.236, 0.382, 0.5, 0.618, and 0.786. These levels help identify potential areas where the price might reverse or consolidate. Trendlines indicate a persistent downward trend since late 2023, with lower highs confirming the bearish sentiment. For tomorrow’s outlook, the stock is at a critical juncture near the 7 EGP support level. If this level holds and the volume increases, we could see a potential reversal or bounce-back, especially if it breaks above the 7.5 EGP resistance level. However, if the stock falls below 7 EGP with increased selling volume, further declines could be expected, with the next support level likely around 6.5 EGP. For investors who bought at 8.5 EGP, the situation is more delicate. If the stock begins to recover and surpasses the 7.5 EGP mark, holding on might be beneficial. However, if the downward trend continues, it would be wise to set stop-loss orders to limit further losses. Monitoring the key Fibonacci levels, trendlines, and volume trends will be crucial for making informed decisions.
EGX:EGCH
by ICHIMOKUontheNILE
Analysis of MFPC Stock with Outlook The MFPC stock chart presents a detailed technical analysis using various indicators and overlays. The Volume Price Trend (VPT) indicator at the top shows cumulative volume adjusted for price changes, revealing significant buying and selling pressure through its peaks and troughs. The Efforts vs. Results indicator below highlights the relationship between volume and price movements, where oscillations and crossovers can signal potential reversals or trend continuations. The main price chart, which uses Heikin Ashi candles, smooths out price action to make trends more apparent. Green lines indicate rising trends, while red lines denote downtrends. The stock is currently trading at 41.870 EGP, reflecting a slight decline of 1.19%. The chart also includes a Moving Average (MA 9) for short-term trend identification and a volume line indicating the traded volume during each period. Annotated on the chart are key price levels and patterns, such as Higher Highs (HH) and Lower Highs (LH), which signal trend reversals. Labels like Break of Structure (BoS) and Change of Character (CHoCH) mark significant shifts in market structure. Fibonacci retracement levels (0.236, 0.382, 0.5, 0.618, 0.786) are drawn to identify potential support and resistance levels. Outlook for Tomorrow For tomorrow’s trading session, the immediate outlook for MFPC stock suggests cautious optimism. The stock is near a key support level around 41 EGP, which it has tested and held multiple times. If the support level continues to hold and the volume increases, there could be a potential reversal or a bounce-back. Traders should watch for a break above the 43 EGP level, which would indicate the beginning of a recovery phase. Conversely, if the stock breaks below 41 EGP with increased selling volume, further declines could be expected, with the next support level possibly around 38 EGP. Advice for Investors Who Bought Around 50 EGP Investors who bought MFPC around 50 EGP are currently facing a significant unrealized loss. For these investors, the key is to closely monitor the support and resistance levels mentioned. If the stock begins to show signs of recovery and breaks above 43 EGP, it might be worth holding on to the stock for a potential further recovery. However, if the downward trend continues and the stock breaks below 41 EGP, investors might consider setting stop-loss orders to limit further losses. Long-term investors should also consider the company’s fundamentals and any upcoming news or earnings reports that could impact the stock’s performance. In summary, while the MFPC stock is in a downtrend, the support at 41 EGP and volume trends provide a glimmer of hope for a reversal. Tomorrow’s session could be crucial, and investors should stay vigilant, particularly those who bought at higher levels around 50 EGP.
EGX:MFPCLong
by ICHIMOKUontheNILE
EGAL: Bearish Continuation with Potential DownsideThe EGAL stock, analyzed using Heikin Ashi candles, reveals the formation of a descending triangle pattern. This pattern is characterized by a descending resistance line and a relatively stable support base around the 0.786 Fibonacci retracement level, indicating potential bearish continuation. - **Heikin Ashi Candles:** Indicate a prevailing bearish momentum. - **Volume Price Trend (VPT):** Shows declining volume during upward movements, suggesting weakening buying pressure. - **Effort vs. Results Indicator:** Significant effort does not correspond to expected price gains, indicating market inefficiency and a lack of robust buying support. If the stock fails to break above the descending resistance line, particularly with notable volume, it suggests the likelihood of downward movement. A breach below the support line could lead to further declines, potentially targeting levels around 81 EGP or lower. Conversely, a breakout above the resistance line with strong volume could indicate a bullish reversal, though current indicators lean towards a bearish outlook. **Outlook for Intraday Traders:** - **Bearish Scenario:** If the stock remains below the descending resistance line, intraday traders should consider short positions if it approaches the current support level, targeting a drop towards 81 EGP or lower. - **Bullish Scenario:** If the stock breaks above the resistance line with significant volume, consider long positions, targeting the 110-115 EGP zone. **Outlook for Weekly Traders:** - **Bearish Scenario:** Monitor the stock for a potential breakdown below the current support level. A move towards 81 EGP or lower could present short-selling opportunities. - **Bullish Scenario:** Look for a decisive breakout above the resistance line. Sustained movement upwards with volume could indicate potential gains towards the 110-115 EGP range. **Recommendation for Current Holders (around 100 EGP):** - **Primary Recommendation:** Given the existing bearish indicators, consider setting a stop-loss near the current support level to mitigate potential losses. - **Secondary Recommendation:** If the stock breaks above the descending resistance line with strong volume, it might be prudent to hold for potential gains, targeting the 110-115 EGP zone. CONCLUSION: The overall sentiment for EGAL stock remains bearish unless a strong breakout above the descending triangle's resistance line is established with substantial volume. Failure to maintain the support could confirm the descending triangle with a downside target revisiting lows around the 81 EGP level or lower.
EGX:EGALShort
by ICHIMOKUontheNILE
King Tut's Ascendancy: The Triumphant Tale of TMGHBeneath the gaze of King Tut, the victorious pharaoh, the destiny of TMGH's stock unravels like an ancient prophecy. Currently priced at EGP 51.80, the stock finds itself ensnared in a downward trend, yet whispers of potential reversal echo through the markets. Much like Tutankhamun reclaiming his throne, TMGH teeters on the brink of resurgence. The 24-day and 18-day moving averages loom above as formidable barriers, casting bearish shadows over the short-term outlook. Yet, as the price flirts with the lower Bollinger Band, it suggests oversold conditions—ready for a regal rebound. The Ichimoku Cloud foretells a grim narrative with the price decidedly below its mists, signaling ongoing bearish sentiment. However, like the youthful king's surprise ascendancy, the RSI hints at an impending shift, currently entrenched in oversold territory below 30 and poised for a revolutionary upward correction. The MACD, while still echoing the murmurs of bearish momentum, shows signs of flattening—perhaps heralding a new dawn of consolidation or a reversal. In the immediate term, during the next trading hour, TMGH's price could stage a rally, targeting resistance levels between EGP 52.00 and EGP 52.50, potentially climbing towards EGP 53.00 if bullish sentiment gains strength. Tomorrow, as King Tut leads the charge, the stock might continue to battle bearish forces, with key support levels anchoring at EGP 51.00 and EGP 50.50. Yet, should the pharaoh's favor shine, a bullish reversal could see TMGH surging past immediate resistance to scale the heights of EGP 53.50 and beyond, striving towards EGP 54.00. Under the watchful eye of King Tut, TMGH could re-establish itself, echoing the triumphs of ancient Egypt.
EGX:TMGHLong
by ICHIMOKUontheNILE
KIMA's performance remains mediocreKIMA's performance remains mediocre, struggling to gain traction at the 7.87 level. It's like Deportivo La Coruña during their relegation seasons. Despite having a talented player like Lucas Pérez, who showed great potential and skill, the team struggled significantly and faced relegation from La Liga. Pérez, while a strong individual performer, couldn't turn the tide for the team on his own, illustrating the challenge of a superstar player unable to secure victories for a faltering team KIMA is like a team in the major league that just can't find its rhythm, akin to one of the worst teams in the Spanish football league, trying to score but failing to dribble past defenders.
EGX:EGCHShort
by ICHIMOKUontheNILE
Chicago Bulls Chart Play: EGAL's Bullish Setup Echoes 1999 ChampEGAL is in the golden zone, aiming for the 61% Fibonacci retracement, mirroring the EGX70EW. A bullish TK cross could emerge next week. The mid-point of the Bollinger Band rests at the 50% Fibonacci, with the upper band at the 61%. The 50% Fibonacci level is the current hurdle, and volume is diminishing. We're poised for a rebound by Pippen, setting up a fast break to Jordan for a slam dunk, reminiscent of the Chicago Bulls' fiery championship final game in the 1999 season. Just like then, we're aiming to dominate and clinch the world championship!
EGX:EGCHLong
by ICHIMOKUontheNILE
Chart Victory: Bulls Charge as Heikin Ashi Signals Potential TK Chart Victory: Bulls Charge as Heikin Ashi Signals Potential TK Cross - A Win Like Mo Salah's Championship Goal! Despite a positive outlook being challenged by the Kumo at 3.77, PHDC is on the verge of a bullish TK cross. Buyers showed tremendous interest at 3.73, evidenced by enormous volume in the last 15 minutes before the auction, which culminated in a supersonic finish. It's reminiscent of Hakeem Olajuwon and Michael Jordan slam dunking in the NBA championship. HOOOOORRRAy!
EGX:PHDCLong
by ICHIMOKUontheNILE
DOMT Betweenincrease "EPS" and increase in volumeOn a specialized economic level, after reviewing the financial statements for the first quarter of the stock, the increase in the number of shares was marginal (in the millions) and the increase in earnings per share was also by a fraction of a penny. However, on a technical analysis level of the volume, a state of stability and exchange of shares in large quantities ("accumulation") is evident without any increase in the stock price. In other words, the chart shows us that there are accumulation operations for a full session without including holidays, especially after the last cash dividend distribution from the stock. This operation makes us wait for a strong upward movement for the stock to return to the levels of 14 Egyptian pounds during June. The stock will recover, and it is a great opportunity to achieve no less than 20% on investing in this stock. This is not advice, but an analysis. I believe that the second quarter results will be higher because the month of Ramadan, which was between March and April, disrupts a large part of the revenue from Suntech Dmetty's sales. We will notice high semi-annual statements at a high rate. Please note that this is a direct translation and does not include any additional information or interpretations
EGX:DOMTLong
by atuumra
Egyptian Drug Authority and Pharmaceutical CompaniesEbeco Company is one of the leading pharmaceutical companies in Egypt, with a long history of manufacturing and exporting medicines. Over the past two years, the company has benefited from therapeutic supply contracts to African countries through the United Nations and the African Union, which has led to significant growth in its revenues and profits. Negative Impacts: However, the company has faced some challenges in the Egyptian market over the past seven months due to the implementation of maximum price caps for medicines by the Egyptian Drug Authority. This decision has particularly affected Ebeco, as most of its profitable medicines are antibiotics and cough syrups, which are categories of medicines that have been included in the price cap. Positive Impacts: Despite these challenges, Ebeco has been able to compensate for some of its losses by expanding its operations into Central African markets through international export companies. Short-Term Outlook: In the short term, Ebeco's share price is expected to move in a trading range between 32 and 48 Egyptian pounds. This is due to investors waiting for the Egyptian Drug Authority's approval of requests from pharmaceutical companies to raise their prices. Future Scenarios: In case of approval to raise prices: Share prices of all pharmaceutical companies are expected to rise significantly, in line with the percentage allowed for price increases. This will lead to an improvement in Ebeco's financial performance and attract more investors to the stock. In case of rejection by the Egyptian Drug Authority of requests to raise prices: The scenario of a decline in the share price and a continued trading range is likely to continue until a new development occurs. The company may face further challenges in the Egyptian market, which could negatively impact its financial performance.
EGX:PHAR
by atuumra
RMDA faces strong resistance at 2.5The chart shows strong resistance for Monday at the 2.5 level that cannot be broken, and there is a lack of desire from the market maker to break this level. Support is expected at the 2.29 level. The expected scenario is that the stock will move sideways for the rest of the trading week until a "flag" is formed, after which it will break the 2.5 level and soar to the 2.8 level. This is expected to happen in August before the dividend distribution, which is expected to be 0.067 per share.
EGX:RMDALong
by atuumra
Obour Land for Food Industries (OLFI) Four next 6 MonthOver the past months, the stock has experienced a decline after it showed growth and a decline in its p/e from 9 to 7, and this should have been reflected in the price, but it was much lower. What happened was 3 years ago The pound's concerns faded against the US dollar Customs release The distribution of good profits is 0.95 piasters During the coming period, we notice the following: First, there will be a rise in the resistance levels, which are represented by 9 pounds. If he breaks it, we will go to 9.5, and then 10 to 12 to 14 pounds for sure. We expect success for everyone
EGX:OLFI
by atuumra
ZMID Zahraa Maadi Investment & DevelopmentThe stock has an imaginary support level at 5 Egyptian pounds and is currently trading in a resistance range between 6.30 and 6.5 Egyptian pounds, forming a flag pattern. If it breaks above the 6.70 Egyptian pound level during any weekly session, it could reach 7 Egyptian pounds, followed by 7.2 Egyptian pounds, 7.5 Egyptian pounds, and eventually 8 Egyptian pounds. Coincidentally, the company will be implementing decisions made at the company's general meeting after approving the distribution of dividends of 0.15 Egyptian pounds divided into two installments, as well as the distribution of free shares in August. This will likely cause the stock to fall again to half its price, reaching levels of 4 Egyptian pounds. This will create a new bottom for the stock, but remember that you will not have lost money; instead, you will have received free shares.
EGX:ZMID
by atuumra
ADPC TO THE MOON ADPC shares are expected to break through the 2 Egyptian pound level in the coming period and reach a minimum of 3.5 Egyptian pounds within the next 3 months, starting from June 2024. The third quarter of 2024 is expected to be an unprecedented growth period for the stock. The company has delivered exceptional financial performance, with unprecedented profit growth and a significant decline in the P/E ratio to 4, representing a 25% decrease. In 2023, the company achieved a 198% increase in profits, and the first quarter of 2024 saw an 89% increase in profits, bringing the total to at least 350 Egyptian pounds. This presents an excellent opportunity to enter and hold the stock for at least a year at prices that will not be repeated.
EGX:ADPCLong
by atuumra
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