Cairo – Mubasher: The stock of Misr Fertilizers Production Company (Mopco) has experienced a continuous upward trend from June 2025 to December, maintaining trading above the moving average, which suggests the continuation of this upward movement.
Technical analysis highlighted that the stock recently underwent a strong correction of 61% from the previous upward wave.
For the positive outlook to persist, the price is required to hold above the resistance level of EGP 29.55 with two consecutive candles, not separated by a reversal candle, to confirm the breakout.
Based on the Fibonacci retracement tool, holding above the 50% Fibonacci level strengthens the likelihood of a resumption of the upward movement, targeting EGP 30.20, followed by EGP 30.80.
This bias remains valid as long as the price holds above these levels. If it holds below the resistance level, a retest of EGP 29.00 is possible, followed by EGP 28.70, according to Mubasher Research.
Price Action Summary
Mopco’s stock saw notable fluctuations during 2025. The price managed to rise during the first quarter (Q1) of 2025, but starting in May, the price was subjected to severe selling pressure until June.
In July, the price managed to rise, forming rising peaks and troughs with an increase in trading volumes until December.
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.
