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EGX 30 Index

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EGX30 trade ideas

EGX30 Trend AnalysisEGX30 stock started to fall, reaching the 32,383.579 support line, the 32,343.473 support line, and the 32,283.315 support line, showing the sellers' dominance over the buyers. This is because investors are cautious about the U.S. meeting with many countries, including China, on trade deals, aiming to secure a fair trade deal. In addition, it was expected that the EGX30 would not breach the resistance line 32,463.789, as there is no historical upward trend in this zone.
EGX:EGX30
by RowaynaAhmed
EGX30 Chart AnalysisEGX30 stock has shifted gradually to a higher zone, reaching the 32,291.751 resistance line, the 32,344.197 resistance line, and the 32,422.866 resistance line, showing the buyers' dominance over the sellers. Additionally, the upward trend is because Egypt's blue-chip index EGX30 closed 0.7% higher, which led to a 1.6% increase in TMGH, which strengthened the fundamental analysis about the CBE's decision about cutting the interest rate and the advanced massive ads and negotiations initiated by TMGH with different aspects.
EGX:EGX30
by RowaynaAhmed
The Central Bank of Egypt's Decision Impact on EGX30EGX30 stock shifted to a new zone, between the 31,865 resistance line and 29,991 support line, reflecting the buyers' dominance over the sellers'. It is expected to reach the resistance line 31,949 then 32,025, and in case of falling, it's expected to reach the support line 31,831 then 31,798. In addition, this zone is a result of the decision of The Central Bank of Egypt concerning the interest rate cut that was expected by most investors which didn't recognizably impact the stock market.
EGX:EGX30
by RowaynaAhmed
Egypt’s Sovereign Debt: A High-Yield Opportunity for InvestorsEmerging markets often present a delicate balance of risk and reward, and Egypt’s sovereign debt market is no exception. In recent years, Egypt has undergone significant economic reforms, positioning its government bonds as an attractive option for yield-hungry investors. With double-digit yields and a stabilizing economic backdrop, Egypt’s bonds offer a compelling case for those willing to navigate the associated risks. This article explores why Egypt’s sovereign debt is worth considering in 2025. Attractive Yields Amid Market Shifts Egypt currently has 18 outstanding sovereign bond issuances in foreign currencies—16 in U.S. dollars and 2 in euros. These bonds have recently caught investors’ attention due to their elevated yields, which have climbed into double-digit territory. For instance, a dollar-denominated bond maturing in 2029 offers a yield of 10.2%, while its euro-denominated counterpart yields 9.6%. These figures reflect a notable increase from earlier levels of 8–9%, driven by recent political uncertainties in the region. For investors seeking high returns, these yields are hard to ignore, especially especially in comparison to other emerging markets with similar credit ratings. A Stable Rating with Room for Growth Egypt’s sovereign credit rating stands at B with a stable outlook, as reaffirmed in November 2024 when it was upgraded from B- to B. This rating reflects a cautious optimism about the country’s economic trajectory, though it is constrained by persistent inflationary pressures. Inflation in Egypt currently sits at 13.6% as of March 2025, a significant improvement from peaks of 24–27% in previous years. However, this rate remains higher than in peer countries with a B rating, limiting further upgrades for now. If inflation were to fall to 5% or below, a rating improvement could unlock additional upside for bond prices. Economic Reforms Bolster Confidence Several factors underpin the appeal of Egypt’s bonds beyond their yields. First, the country has embarked on a privatization drive, moving away from its historically military-dominated economy. Post-Arab Spring, many enterprises were state-controlled with tax privileges, but recent reforms aim to transfer these assets into private hands. A notable example is the 2024 IPO of United Bank of Egypt, where the central bank sold a 30% stake, signaling a commitment to reducing state ownership. Second, Egypt’s international reserves have grown impressively, rising from $12 billion in 2024 to $45 billion currently. This bolstered reserve position enhances the country’s ability to service its external debt, reducing default risk for bondholders. Additionally, Egypt has adhered to an IMF-backed economic recovery program, which includes maintaining a flexible exchange rate. For over a year, the central bank has refrained from currency interventions, allowing market forces to determine the Egyptian pound’s value-a key IMF condition that has strengthened investor confidence. Inflation and Interest Rate Dynamics Inflation, though still high at 13.6%, has been trending downward from its 2023–2024 highs of 24–27%. The central bank forecasts further declines, potentially accompanied by a reduction in the key interest rate. Lower rates could spur deposit growth in Egyptian banks, with funds likely flowing into government securities. This dynamic could drive up bond prices in 2025, offering capital gains on top of the already attractive yields. For investors holding bonds at current levels (e.g., 10.5% yield), this presents a dual opportunity for income and price appreciation. Risks to Consider Despite the positive developments, investing in Egypt’s sovereign debt is not without risks. There are three primary concerns stand out to note: High Key Interest Rates: If the central bank struggles to lower rates, the government’s borrowing costs will remain elevated, straining its ability to reduce the debt-to-GDP ratio (currently at 86%, down from 91% last year). Currency Policy Reversal: A return to a fixed exchange rate regime could signal economic distress, deterring foreign investors and weakening reserves. Geopolitical and Tourism Risks: Egypt’s economy relies heavily on tourism and Suez Canal revenues. Any regional conflict or global downturn could disrupt these income streams, impacting fiscal stability. Comparative Appeal When benchmarked against other B-rated sovereigns, Egypt’s bonds appear undervalued. For comparison, Cameroon, also rated B, offers an 11% yield for bonds maturing in 2031, while Armenia (B+) yields 6.7% for a similar duration. Egypt’s higher yield relative to its rating, combined with its reform momentum, makes it a standout choice. Investors may find greater comfort in Egypt’s economic trajectory compared to less familiar markets like Cameroon. Conclusion Egypt’s sovereign bonds offer a rare combination of high yields and improving fundamentals, making them a compelling option for emerging market investors in 2025. The country’s privatization efforts, growing reserves, and IMF-backed reforms provide a solid foundation, while declining inflation and potential rate cuts could further boost bond prices. However, risks tied to interest rates, currency policy, and regional stability warrant careful consideration. For those seeking yield in a volatile global environment, Egypt’s debt market presents a balanced opportunity worth exploring.
EGX:EGX30
by juliakhandoshko
The Effect of US Tariff Exemptions on EGX30.EGX30 stock stabilized in a consolidation zone, failing to breach the 29991 support line. Despite breaking the 30041 support line to the downside, it corrected its upward trajectory between the 30529 support line and the 31302 resistance line, reflecting the bulls' dominance over the bears. This is because Egypt agreed to work towards a package of $7.5 billion in direct Qatari investments, according to a joint statement released by the Egyptian president's office on Monday. In addition, Egypt is pushing ahead with efforts to secure funding from Gulf neighbors and foreign partners as it seeks to tackle heavy foreign debts and a gaping budget deficit.
EGX:EGX30
by RowaynaAhmed
EGX30 - Egyptian market index - good news#EGX30 - time frame 1 DAY created 2 Bullish pattern ( Gartley and AB=CD ) , Action price in this point already done ,but in anther hand we are still in a downtrend targeted 28050 to 27000 unless closed weekly uber 32200 . now we have a chance to improve our investment as follow : Entry level at 28515 ( already done , closed today at 28967 ) Stop loss 28515 ( daily close , may index achieve this target but close uber it ) First target at 29700 ( if index close uber 29700 it will be good support ) there is resistance point at 30200 before achieve next target Second target 30500 Third target 31000 ( if index achieved this target and closed weekly uber it , It will be a good indicator of the beginning of entering an upward phase and the end of the decline ) NOTE : this data according to time frame I DAY , NOTE ; EGX30 still have lower target up to 27000 so my advice is don't be Very optimistic but be careful . Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
EGX:EGX30Long
by tfcgeorge
EGX30… Our Warning Came True, and Our Followers Didn’t Lose!We previously warned about EGX30 and clearly stated: Confirmation is required for the breakout! But what happened? It was a false breakout, and now the index has broken the channel downward and breached important moving averages! ⚠️📉 🔴 The biggest risk: If it breaks below 29,315, the trend will turn strongly bearish, and the probability is very high! ⚠️ Our warnings were clear, and those who followed us avoided this risk! Don’t make the same mistake—follow us now so you don’t miss future insights! 💬 Have any questions? Drop them in the comments, and follow us now to stay ahead! 🔥👇 #EGX30 #StockMarket #TechnicalAnalysis #Trading #Investing
EGX:EGX30Short
by stocksfox
EGX30 on Watch – Weak Weekly Candle!The weekly candle is weak, signaling caution! Don't rush—wait for a channel breakout and confirm stability. Entry conditions: ✅ Two consecutive sessions closing inside the channel ✅ Closing above the lower boundary of the channel 🚨 Entering before confirmation = high risk! Stay patient and make smart decisions! ⏳ Follow me for real-time updates and don’t miss the next move! 🔔 Hit Follow & Stay Ready! 📊📉 #EGX30 #StockMarket #Trading #TechnicalAnalysis #RiskManagement #Investing #Stocks #TradingSignals #FinancialMarkets #TradingView
EGX:EGX30
by stocksfox
Egx 30 Egyptian stock As appearing on the chart EGX30 has made ab=cd pattern That's give it 2 low targets 1- 29630 ( done then made a little correction ) 2- 28057 up to 27500 ( in progress ) In addition MACD appears negative diversion Lower bottom than the previous although egx30 show the opposite Note : This vision according to the ab=cd pattern And the MACD diversion And it's cancelled by closing daly above 32185 Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing
EGX:EGX30Short
by tfcgeorge
1
Technical Analysis of EGX 30 Index ChartHello Dear Traders, ### **1. Overview of the Chart** - **Gann Trend 1/1 Line:** Represented by the red diagonal trendline, indicating a significant Gann angle. - **Parallel Channels:** Yellow and white lines represent upward-sloping price channels. - **Current Price:** **30,474.90 EGP** - **RSI Indicator:** The Relative Strength Index (RSI) is displayed at the bottom to show market momentum. --- ### **2. Key Observations** 1. **Price Position Relative to Gann Line:** - The price is hovering **near the Gann 1/1 line** (red trendline) acting as resistance now.. - This line acts as both a **support** and a **resistance**. A break above this line may trigger further bullish momentum. 2. **Price Channels:** - The price is trading within an **upward-sloping channel**. - **Midline (white):** The price has been consolidating near this critical area. A sustained move below this level could target the lower channel boundary. - **Upper Boundary:** Resistance lies near **32,000 - 33,000 EGP**. - **Lower Boundary:** Support near **30113 - 29,000 EGP**. 3. **RSI Analysis:** - **Current RSI Value:** **39.60**, which indicates the market is **approaching oversold conditions**. - **RSI-based Moving Average:** **49.92** shows bearish momentum. --- ### **3. Potential Scenarios** #### **Bullish Scenario:** - **Condition:** Price holds above the **Gann 1/1 line** and rebounds towards the upper channel. - **Target Levels:** - **32,000 - 33,000 EGP** (upper boundary). - **Current support from here to **30,113 EGP** --- ### **4. Recommendations:** - **Short-term Traders:** Watch for price behavior near the **Gann 1/1 line** and RSI support. - **Breakout Watch:** Monitor price for a break above the current channel midline. - **Confirmation Signals:** Use **RSI divergence** or price reaction near **30,113 EGP** for entry signals.
EGX:EGX30
by Magic_xD
EGX30 analysis..-A sideways movement tending to the downside is expected this week. -Note that it is a head and shoulders pattern with a bearish target. The lower limit of the ascending price channel, specifically the area 30833 to 30793. There is no need to worry, it is simple speculation in the upward direction. - I advise reducing negative positions and committing to supporting your stock And repurchase when the target is achieved, which is 30,900. This is not the case if 31800 is hacked. Thank --------dont forget to support my idea---
EGX:EGX30Short
by Abdal_lah
Comprehensive EGX30 Analysis (Sept 8, 2024) Given the current market conditions, we’ll integrate a detailed analysis of EGX30 using a variety of technical indicators: Price Action, Ichimoku Cloud, Bollinger Bands, ATR (Average True Range), Support & Resistance, Cash Flow, PVT (Price Volume Trend), and the Law of Diminishing Returns. Let’s go step by step. 1. Price Action Overview: • Current Price: 30,665.90 EGP, showing a decline after a recent rally. • Candlestick Formation: The chart currently suggests a bearish candle with wicks on both ends, indicating market indecision and potential for further correction. • Support Levels: • Support 1: 29,933.43 (R1) — Strong support level where buyers previously stepped in. • Support 2: 29,844.60 — If this level breaks, we could see deeper corrections towards 29,500. • Resistance Levels: • Resistance 1: 31,221.90 (High) — Immediate upside cap based on previous highs. • Resistance 2: 32,274.29 (DynaR RES 2) — Longer-term upside target if the market recovers. 2. Ichimoku Cloud Analysis: • Ichimoku Lagging Span: The lagging span (Chikou Span) is currently indicating bearish momentum as it has moved below recent price action, confirming downside pressure. • Kumo (Cloud): The price is hovering near the top of the cloud, and any further decline would push the index deeper into the cloud, confirming a neutral-to-bearish trend. A break below the cloud could signal a more prolonged downtrend. • Tenkan-sen & Kijun-sen Cross: No cross is currently visible, but the Kijun-sen (baseline) is flattening, indicating consolidation. A bearish crossover would strengthen the downside momentum. 3. Bollinger Bands: • The price is testing the upper Bollinger Band, suggesting the index is in an overbought zone and may experience mean reversion. • Middle Band: The middle Bollinger Band (~30,300) will serve as the first area to watch for a bounce if the price continues to correct downward. • Lower Band: Any strong correction might take the price towards the lower Bollinger Band around 29,800, which aligns with critical support levels. 4. Average True Range (ATR): • ATR: 0.5 — A low value suggests that the market volatility is decreasing. With ATR declining, the potential for explosive moves diminishes, but this can change quickly if there’s an external trigger (such as fundamental news or a major market event). • Conclusion from ATR: Lower volatility suggests that if we see price movement, it might be more gradual, indicating the importance of monitoring consolidation or breakdowns at key levels like 29,933 and 29,844. 5. Support & Resistance: • Support: • Immediate: 29,933.43 — Strong support zone. If broken, it could trigger a sell-off toward 29,844. • Secondary: 29,500 — If the market sees a significant breakdown, this is the next key support level. • Resistance: • Immediate Resistance: 31,221.90 — Recent high and critical resistance level. • Secondary Resistance: 32,274.29 — Longer-term target if the market rebounds with strength. 6. Volume & PVT (Price Volume Trend): • PVT (Price Volume Trend): The PVT has started to flatten after a brief spike, suggesting that buying momentum is slowing down. • Volume: The total volume stands at 40.267M, which is above the average (Volume MA: 207.369M). However, we see lower volumes in recent candles, signaling reduced conviction from buyers, which could foreshadow a retracement. 7. Cash Flow Analysis: • Cash Flow Index: 31,106.76 (below signal line). This indicates potential liquidity outflows from the market, suggesting that investors might be taking profits at current levels. • Signal Line: The CASHFLOW signal at 31,221.90 confirms this is a critical level. If the price fails to break above, it will signal a weakening bullish trend. 8. Law of Diminishing Returns: • With the recent rally losing steam, the law of diminishing returns comes into play. As the index has already made substantial gains in the past week, the market is showing signs of exhaustion. Any further gains may require significantly more buying power, which the reduced volume suggests is lacking. This could explain why we’re seeing stronger resistance and reduced momentum. Conclusion: • Short-Term Bias: Bearish/Neutral. Expect a pullback to support levels. Key level to watch: 29,933.43. If it breaks, further downside is likely. • Medium-Term Bias: The market could rebound if it holds the 29,933 support. Look for potential upside toward 31,221.90 as a take-profit target for short-term traders. • Long-Term Bias: If the market clears the 32,000 resistance zone, the next leg up could test 32,274.29. However, any failure to hold key support may trigger a retest of 29,500. Trade Setup: 1. Entry Point: Watch for the price to hold above 29,933.43 for a potential long setup, or short below this level. 2. Stop Loss: Place stops below 29,844.60 to protect against further downside. 3. Take Profit: • Conservative Target: 30,300 (Bollinger middle band). • Aggressive Target: 31,221.90 (resistance level). Always manage risk, especially given the current overbought conditions and lower volatility.
EGX:EGX30Short
by ICHIMOKUontheNILE