MASR: Short-Term Bearish Pressure with Key Support at 4.20 – Wee

In this weekly analysis of Madinet Masr for Housing and Development (MASR) on the Egyptian Exchange (EGX), we observe a long-term bullish trend that has been in place since 2022. However, short-term momentum is leaning bearish, with strong “sell” signals coming from the moving averages (MA20 at 4.32, MA50 at 4.38) and technical indicators (RSI at 39.34, MACD at -0.03). The current price is around 4.29 EGP, testing a key support zone at 4.15–4.20, with a potential rebound if the market reaches oversold levels (Stochastic at 12.73).

Outlook:
• Short term: Bearish unless price breaks above the 4.50 resistance.
• Long term: Hold, supported by strong fundamentals (revenues of 8.39 billion EGP).
• Watch for high trading volume to confirm the direction.

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(Disclaimer: This is a technical analysis, not financial advice.)