Egyptian Stock Market
Overvalued stocks — Egyptian Stock Market
Stocks that have significantly increased in price due to a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.
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ECAP
EL EZZ PORCELAIN (GEMMA)
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18.22 | 0.39% | 0.07 | Buy | 327.071K | 910.141M | 195.93 | 0.09 | 1250.00 | Consumer Cyclicals |
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EDBM
THE EGYPTIAN COMPANY FOR CONSTRUCTION DEVELOPMENT-LIFT SLAB
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8.40 | 0.48% | 0.04 | Buy | 425.728K | 43.803M | 67.21 | 0.12 | — | Industrials |
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EEII
EL ARABIA ENGINEERING INDUSTRIES
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4.24 | 0.00% | 0.00 | Buy | 520 | — | — | — | — | — |
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EGBE
EGYPTIAN GULF BANK
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0.66 | 1.55% | 0.01 | Buy | 40.000K | 3.805B | 6.32 | 1.65 | 1808.00 | Financials |
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ELEC
ELECTRO CABLE EGYPT
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1.69 | -0.47% | -0.01 | Buy | 4.604M | 1.197B | 6.32 | 0.27 | — | Industrials |
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FAITA
FAISAL ISLAMIC BANK OF EGYPT - IN US DOLLARS
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1.17 | 0.00% | 0.00 | Buy | 6.982K | 7.254B | — | — | 1699.00 | Financials |
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GRCA
GRAND INVESTMENT CAPITAL
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4.85 | 0.00% | 0.00 | Strong Buy | 125 | — | — | — | — | — |
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MOSC
MISR OILS & SOAP
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20.00 | 0.00% | 0.00 | Buy | 30 | 120.000M | 11.37 | 1.76 | 2639.00 | Consumer Non-Cyclicals |
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NINH
NOZHA INTERNATIONAL HOSPITAL
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40.00 | -2.32% | -0.95 | Buy | 2.513K | 443.813M | 10.58 | 3.73 | — | Healthcare |
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SCTS
SUES CANAL COMPANY FOR TECHNOLOGY SETTLING
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19.97 | -0.15% | -0.03 | Buy | 39.580K | 1.818B | 7.64 | 2.62 | — | Industrials |
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WATP
MODERN COMPANY FOR WATER PROOFING (BITUMODE)
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1.72 | 0.00% | 0.00 | Buy | 5.600K | 204.680M | 3.57 | 0.48 | — | Consumer Cyclicals |
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ZMID
ZAHRAA MAADI INVESTMENT & DEVELOPMENT
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9.50 | 0.00% | 0.00 | Buy | 2.650K | 907.830M | 6.09 | 1.51 | — | Financials |
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