Cairo – Mubasher: Technical analysis indicates that the Commercial International Bank-Egypt’s (CIB) stock is moving in a major upward direction in the current term, having experienced a sharp correction after achieving a historic peak at EGP 109.10 in December 2025.
Mubasher Research noted that the Relative Strength Index (RSI) has formed a negative divergence from overbought territory, leading to a healthy correction within the main uptrend.
However, the RSI has recently been moving below the neutral level, reflecting a decline in current buying momentum.
The price is maintaining its key support zone at EGP 101.55- EGP 101.50. As long as the price trades above this support, the positive outlook remains intact. Currently, the price is moving sideways.
To break out of this range, it needs to hold above EGP 104.10 with two consecutive candles, not separated by a reversal candle, targeting the EGP 105.20- EGP 105.40 level.
If it successfully breaks through this level, it could open the way for further upward movement to the next level at EGP 107.00, followed by the all-time high at EGP 109.10.
It is crucial to maintain this key support level to prevent any pullbacks. If the price closes below this level, the EGP 100.10 level is a likely target. And if this level is breached, the next sell target would be EGP 98.25-98.30.
Price Action Summary
The EGX-listed lender’s shares opened trading in January 2025 at around EGP 70.00 and remained relatively stable until mid-May, with no significant price changes.
Starting in June, the stock traded in a clear upward trend, recording notable gains during July and September, supported by strong trading momentum.
By December, the price had reached a historic high of EGP 109.10, reflecting substantial growth in market capitalization over a short period. The price then experienced a sharp correction due to profit-taking in the second half of 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.
