Technical trends recorded by the Mubasher Trade Research show that the stock of Sidi Kerir Petrochemicals Company (Sidpec) traded within its broad sideways range between the EGP 18.70 percent support zone and the EGP 19.95 percent resistance.
Meanwhile, the technical indicators indicate that the purchasing power is weak in the present period, as the Relative Strength Index (RSI) is going below the neutral line, indicating a decrease in buying momentum.
According to Mubasher Trade Research, the price is currently testing the moving average, which serves as a dynamic resistance to the price.
The current stock price of Sidpec is close to a gap and a significant demand zone in EGP 19.20 and EGP 19.15, which can reflect a decrease in selling pressure.
In case the price reflects reversal signs on smaller timeframes, then it may favor a speculative recovery to the level of EGP 19.45 percent, which will be followed by EGP 19.65 percent and finally to the primary resistance at the EGP 19.95 percent level.
And in case the price is still below the above-mentioned demand zone, there is a high probability that the downward trend will continue to EGP 18.95 percent, and this will be followed by the EGP 18.70 percent end zone.
Sidpec’s stock price has been fluctuating considerably in the year 2025 since it began with a high point that rose towards greater heights, starting with lower values of about EGP 17, ascending to the highest point of over EGP 22, then reaching its highest prices in March.
After this increase, the share saw a dramatic fall in June, registering the lowest prices once again at the support of EGP 17 and then beginning to pick slowly in the next months.
Concerning the trading amount, the stock exhibited some pronounced fluctuations during 2025, displaying an adjustment of investor interest and responsiveness to the shifts in prices.
