Cairo - Mubasher: Recent technical movements indicate that the stock of Palm Hills Developments Company is showing positive performance in the short-term after clearly breaching the moving average line.

Mubasher Research highlighted that the stock successfully stabilized above the 200-day moving average. This reflects a gradual shift in the overall trend from a consolidation phase to a potential upward trend.

Trading volumes are witnessing a relative improvement, backed by the current movement, while the MACD indicator is showing a recent positive crossover with the gap between the two lines widening, reinforcing the positive outlook from the indicator's perspective.

Likewise, the Relative Strength Index (RSI) has also risen to levels reflecting an upward movement in the stock after a decline that lasted for months, indicating continued positive momentum without reaching overbought areas.

In general, a continued close above the 7.80 level supports the stock targeting the 8.50-9.00 area as a resistance zone in the short and medium term. The 200-day moving average near 7.00 remains a pivotal support level, maintaining a positive outlook as long as the stock holds above it.

Price Action Summary

Since the beginning of 2025, the stock has been in a strong uptrend until it reached a peak near 9.40 EGP, then faced clear selling pressure and entered a gradual correction.

During the second half (H2) of 2025, it stabilized around 7.00 EGP and began a limited rebound, but it is still moving within a corrective range. The recent bottom around 7.00 EGP represents pivotal support, while the first real resistance appears near 7.80-8.00 EGP.

In conclusion, the stock has lost some of its upward momentum since the beginning of 2025, but it is attempting to build a price base around 7.00 EGP.

Consolidation above this level, coupled with improved volume, could open the door to a retest of 8.5-9 EGP.

Palm Hills Developments is one of the most prominent real estate firms in the Egyptian market, with a proven track record in developing integrated residential communities, commercial, administrative, and coastal projects.

The group’s shares are listed on the EGX’s real estate sector, a vital sector witnessing continuous growth driven by increased demand for housing and urban expansion.  Its stock is classified as a component of the EGX30 Index with a relative weight of 1.31% and a market capitalization of nearly EGP 21.20 billion.

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.