Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the Extracted Oils’ stock has started to show positive signals after the sharp correction that lasted from December 2025 to January 2026.
The main trend remains upward, while the price has recently succeeded in breaking through a short-term downward trend line.
The stock is currently facing significant resistance near the EGP 8.41 level. Meanwhile, a breakout above this level would support upward potential targeting the EGP 8.75 – 8.90 zone.
Moreover, a breakout above the resistance could open the door to targeting the EGP 9.20, while remaining below the level of EGP 8.15 weakens the chances of a rebound and continuation of the upward trend in the short term.
The technical indicators show positive signals, as the Relative Strength Index (RSI) is moving above the neutral level and the average directional index (ADX) shows a positive signal with the (DI+) line crossing above the (DI-) line.
Summary of Price Movement
Extracted Oils stock started 2025 with low trading volumes from January until July, moving within a sideways range that reflected a state of balance between buyers and sellers without breaking through main levels.
Starting from August, the stock succeeded in breaking out of the sideways range, achieving a new peak in December near the EGP 10.32 level, which was followed by some corrections without affecting the structure of the current upward trend.
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 interpretation and assessment. What is mentioned 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.
