Cairo - Mubasher: Technical analysis indicates that Raya Holding for Financial Investment’s stock has continued to reach new historical highs near EGP 4.40, breaking through the previous all-time high, which has now become support at EGP 3.70.
The ADX indicator is showing a positive signal reflecting strong buying momentum, supported by the +DI crossing above the -DI and the ADX remaining above 30.
This indicates the strength of the current upward trend. The nearest target for the stock is EGP 4.60; a break above this level would push the price towards EGP 5.00.
In case of a correction, the nearest demand zone would be between EGP 3.83 and EGP 3.63.
If the price maintains this level and shows positive signals, it will support a rebound to EGP 3.86, followed by EGP 4.00, and then the aforementioned targets.
Price Action Summary
Raya's stock began trading in 2025 with a noticeable decline and a decrease in trading volumes during the first quarter of the year.
Starting in April, the price managed to rise and form rising lows, achieving a historical peak in January 2026 near EGP 4.40.
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.
