Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the stock of Abu Qir Fertilizers is continuing its positive performance since the beginning of December, as the price succeeded in building an upward structure in the form of higher lows.
In today's session, 18 December 2025, the stock showed a noticeable increase with growing trading volumes. Meanwhile, the Relative Strength Index (RSI) indicates a negative divergence, which may suggest a potential correction and a test of the EGP 48.50 level.
The price of Abu Qir Fertilizers stock ended today’s session above EGP 48.50, which is considered a strong signal supporting the rise to test the important resistance at EGP 50.35. Breaking through this level and maintaining above it opens the way for the stock to target the EGP 51.65 level, which in case of surpassing, the next target will be EGP 53.55.
On the other hand, in case of a decline accompanied by retesting the EGP 48.50 level and maintaining below the support level, this may indicate a cooling off and profit-taking with the possibility of returning to test the price gap formed during today's session.
The positive outlook remains in the short term as long as the stock maintains its trading above the secondary support level at EGP 46.50; if this support is broken through, it will be a sign of weakened buying power and increased selling pressure.
Price Movement Summary
The Abu Qir Fertilizers stock recorded a positive start in January and February 2025, as the stock began trading at EGP 44.40 then rose to the EGP 55 level.
Starting from March, the stock witnessed a negative performance, recording consecutive declines until June, which was followed by a rise from June until December.
Important Note: This analysis relies 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.
