Full transparency on how we evaluate and rank Egyptian stocks.
The Fouda Score is a quantitative rating from 0 to 100 that evaluates each stock listed on the Egyptian Exchange. It combines weighted technical factors into a single actionable number, plus an observational microstructure factor that we track separately while it remains in calibration. The score is updated daily after each trading session. The model is purely technical — it does not factor in fundamental data like earnings or P/E ratios.
Measures alignment with key moving averages (20, 50, 200 day). A stock trading above all three MAs with the shorter above the longer scores highest. This captures the direction and strength of the stock's overall trend.
Evaluates the rate of price acceleration using RSI and MACD indicators. Strong upward momentum with RSI between 40-70 scores well. Overbought (RSI > 75) or oversold (RSI < 30) conditions trigger adjustments.
Measures risk-adjusted returns. Lower volatility relative to returns is preferred. Stocks with high ATR (Average True Range) relative to price get penalized. This helps identify stocks that are rising steadily rather than chaotically.
Compares the stock's performance against the EGX30 index over 20 and 50 days. Stocks outperforming the market score higher. This identifies market leaders regardless of the overall market direction.
Checks whether price movements are supported by trading volume. A price increase on above-average volume (>1.5x 20-day average) is more reliable than one on thin volume. This confirms institutional interest.
Combines four daily-bar sub-signals tuned for EGX behaviour: accumulation detection (tight ranges + stable volume + weak red-day volume), liquidity vacuums (volume dry-up + range contraction near resistance), seller exhaustion (consecutive red candles with declining volume holding support), and Bollinger-band squeeze percentile-ranked over 120 days. A volume-spike signal (>2.5x 20-day average) flags smart-money interest as a side flag.
Tracked and surfaced on the trading-pressure pages, but not part of the composite score until calibration completes.
The Fouda Score feeds into a multi-factor classification engine that produces descriptive signals. Signals consider not just the score, but also RSI levels, ADX trend strength, volatility conditions, and the overall market regime. All signals are technical indicators for educational purposes only and are not buy or sell recommendations.
The model analyzes the EGX30 index to determine the overall market state: Bullish, Bearish, Strongly Bearish, or Neutral. In bearish markets, buy signals are automatically downgraded to protect investors from buying into a declining market. This regime adjustment overrides individual stock signals when the market conditions are unfavorable.
The "Trading Pressure" and "Pressure Archive" pages surface actionable numbers, but you need to understand exactly what they measure before acting on them. This is the full-transparency section.
In any market trade, the buyer pays exactly what the seller receives. The accounting net of money "entering" or "leaving" a single stock is therefore always zero. The notion of "liquidity flowing into stock X" does not exist in an accounting sense — money changes hands between two parties; it is not created or destroyed.
We use a well-established market-microstructure technique called the Lee-Ready algorithm (1991). It classifies pressure direction from minute-by-minute price movement:
The Trading Summary page surfaces EGX’s official investor-flow data at the market level: foreigners vs Egyptians, individuals vs institutions, with real buy/sell/net values. That is the only genuine measurement of “liquidity flow” between investor categories — but it’s published market-wide, not per individual stock.
The Fouda Score and all signals are quantitative analysis tools for educational and informational purposes only. They do not constitute investment advice, financial recommendations, or a solicitation to buy or sell any securities. Past performance does not guarantee future results. Always do your own research and consult a licensed financial advisor before making investment decisions.
The Fouda Score is a quantitative rating from 0 to 100 that evaluates each EGX stock based on 5 technical factors: trend strength (25%), momentum (25%), volatility control (20%), relative strength (15%), and volume confirmation (15%).
No. The Fouda Score is a quantitative analysis tool for educational and informational purposes only. It does not constitute investment advice or guarantee profits. Investment decisions are your personal responsibility.
Signals are produced by a classification engine combining the Fouda Score, RSI levels, ADX trend strength, and market regime. A high-scoring stock may receive a neutral signal if momentum is overextended. All signals are descriptive technical classifications for educational purposes only — not buy or sell recommendations.
The EGX30 index is analyzed to determine the market state (bullish, bearish, neutral). In bearish markets, positive signals are automatically downgraded to reflect the broader market state.