Cairo - Mubasher: Technical analysis indicated that the stock of Edita Food Industries reached a historic high near EGP 32.50.

The stock's movement aligned with our previous outlook, as the EGP 29.25 level formed a strong support base, propelling the price towards EGP 31.15-EGP 32.50, targets which were met.

Since then, it has begun to decline, accompanied by a noticeable decrease in trading volume. It is currently testing a significant support level around EGP 28.00, making the current movements highly technically significant.

A break below this level could lead to a decline towards EGP 27.45-EGP 26.90, while a break below that level could push the price towards EGP 26.50.

Mubasher Research noted that for the stock to resume its upward trend and improve its technical outlook, it must hold above the EGP 29.25 resistance level to retest EGP 30.45.

The Relative Strength Index (RSI) indicates a significant weakening of buying momentum, as it is currently trading below the neutral level.

Price Action Summary

Edita's stock began trading in the first half of 2025 with a sideways movement, failing to break through key levels between support at EGP 12.60 and resistance at EGP 14.40. It experienced a notable rise starting in July, reaching a historical high in February 2026 near EGP 32.50. The stock subsequently experienced some sharp declines, but the medium-term trend remains bullish.

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.