Cairo – Mubasher: The shares of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) are trading near a strong resistance level at EGP 25.00, a level where the stock has repeatedly stalled, making it a crucial testing area.
The current movement is backed by a significant increase in volume and an improvement in momentum indicators, particularly the Relative Strength Index (RSI), which is approaching positive territory below overbought levels. This reflects a potential for an upward breakout.
Although the overall trend remains bullish on the weekly chart, a correction in the leading EGX30 index may temporarily limit the chances of a breakout.
Hence, the first scenario is a clear and consistent breakout above EGP 25.00. Increased liquidity would confirm the continuation of the upward trend towards EGP 26.50–27.00.
Meanwhile, the alternative scenario is a fourth consecutive decline and a return to testing the support level of EGP 23.8–23.5 as a new pivot point before any further upward attempt.
Shareholders have the option to reduce positions and book some profits, unlike new investors, who will be able to monitor the stock before taking positions.
Price Action Summary
ADIB’s shares experienced significant price fluctuations in 2025, but they remained within an upward trend. The stock began 2025 with a slight decline, then witnessed a strong rebound during the first quarter (Q1) of 2025, reaching an all-time high of 25.00 in June 2025. It approached this level in 2024.
The stock traded in a downward and volatile correction phase throughout the third quarter of the year, before regaining some of its strength near the beginning of October, settling above the 24.00 level. The stock chart shows clear changes in trading volume, with volumes rising significantly on days with significant price movements, reflecting strong investor engagement.
About ADIB Egypt
ADIB Egypt is one of the leading banks operating in the Egyptian banking market, providing a comprehensive range of Sharia-compliant banking services to individuals, companies, and institutions.
The bank enjoys a strong capital base and solid financial position thanks to the support of UAE-based ADIB and Emirates International Investment, which are major shareholders in its ownership structure.
The bank's market cap amounts to approximately EGP 27.36 billion, with 1.2 billion shares outstanding.
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.
ADIB Egypt’s shares face resistance at EGP 25
Cairo – Mubasher: The shares of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) are trading near a strong resistance level at EGP 25.00, a level where the stock has repeatedly stalled, making it a crucial testing area.
The current movement is backed by a significant increase in volume and an improvement in momentum indicators, particularly the Relative Strength Index (RSI), which is approaching positive territory below overbought levels. This reflects a potential for an upward breakout.
Although the overall trend remains bullish on the weekly chart, a correction in the leading EGX30 index may temporarily limit the chances of a breakout.
Hence, the first scenario is a clear and consistent breakout above EGP 25.00. Increased liquidity would confirm the continuation of the upward trend towards EGP 26.50–27.00.
Meanwhile, the alternative scenario is a fourth consecutive decline and a return to testing the support level of EGP 23.8–23.5 as a new pivot point before any further upward attempt.
Shareholders have the option to reduce positions and book some profits, unlike new investors, who will be able to monitor the stock before taking positions.
Price Action Summary
ADIB’s shares experienced significant price fluctuations in 2025, but they remained within an upward trend. The stock began 2025 with a slight decline, then witnessed a strong rebound during the first quarter (Q1) of 2025, reaching an all-time high of 25.00 in June 2025. It approached this level in 2024.
The stock traded in a downward and volatile correction phase throughout the third quarter of the year, before regaining some of its strength near the beginning of October, settling above the 24.00 level. The stock chart shows clear changes in trading volume, with volumes rising significantly on days with significant price movements, reflecting strong investor engagement.
About ADIB Egypt
ADIB Egypt is one of the leading banks operating in the Egyptian banking market, providing a comprehensive range of Sharia-compliant banking services to individuals, companies, and institutions.
The bank enjoys a strong capital base and solid financial position thanks to the support of UAE-based ADIB and Emirates International Investment, which are major shareholders in its ownership structure.
The bank's market cap amounts to approximately EGP 27.36 billion, with 1.2 billion shares outstanding.
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.
