Anghami Soars 36%, What’s Fueling This Midnight Surge?

Summary
• Anghami’s stock surges 43.9% in pre-market trading on July 28, 2025
• Warner Bros. Discovery invests $57 million for a minority stake in OSN Streaming, including Anghami
• James Cooke, former Warner Bros. executive, joins Anghami’s board, signaling strategic alignment
• Shareholders approve 1-for-10 reverse stock split to meet NASDAQ requirements

Today’s meteoric 36% rally in Anghami (ANGH) has sent shockwaves through the streaming sector, driven by a trifecta of catalysts: a landmark investment from Warner Bros. Discovery, leadership changes, and a reverse stock split. The stock’s intraday range of $0.58 to $0.70 underscores investor frenzy, with the 52-week high of $0.9732 now within striking distance.

Warner Bros. Investment and Strategic Leadership Ignite Momentum
Anghami’s 36% surge is anchored by Warner Bros. Discovery’s $57 million investment in OSN Streaming, a move that grants Anghami access to global content libraries and regional distribution networks. The appointment of James Cooke, a Warner Bros. veteran, to Anghami’s board further solidifies this partnership, signaling enhanced operational and strategic oversight. Simultaneously, the reverse stock split—approved by shareholders—addresses NASDAQ compliance concerns, improving liquidity and signaling institutional credibility. These developments collectively position Anghami as a regional streaming consolidator, attracting speculative and institutional capital.

Entertainment Sector Volatility Amid Streaming Consolidation
Technical Divergence and Options Liquidity Challenges
• RSI: 45.19 (oversold territory, suggesting potential rebound)
• MACD: -0.013 (bearish momentum, but histogram narrows, hinting at weakening trend)
• Bollinger Bands: Price at 0.6127, above the 200D MA (0.663) but below 100D MA (0.5745), indicating mixed signals
• K-line Pattern: Short-term bearish trend, long-term bearish

The technicals paint a conflicting picture: RSI suggests oversold conditions, while the MACD and moving averages indicate bearish bias. Traders should monitor the 0.663 level (200D MA) as a critical resistance. With no options liquidity available, ETFs are out of scope. The reverse stock split and leadership changes may temporarily insulate ANGH from broader market weakness, but the lack of sector alignment (see Sector Comparison section) limits upside. Aggressive bulls might consider a short-term long bias into the 0.663 target, but caution is warranted given the 52-week high is still $0.36 away.

Backtest Anghami Stock Performance
The backtest of ANGH's performance after a 36% intraday surge shows mixed results. While the 3-day win rate is high at 43.02%, the returns over longer periods such as 10 days and 30 days are negative, with a maximum return of only 0.08% over 30 days. This suggests that the stock may not sustain a significant price increase following such a large intraday surge.

Bullish Catalysts vs. Technical Headwinds: What to Watch Now
Anghami’s 36% rally is fueled by strategic partnerships and governance upgrades, but technical indicators remain bearish. The 200D MA at 0.663 and 52-week high at 0.9732 represent formidable hurdles. While the 1-for-10 reverse stock split may attract new buyers, the entertainment sector’s fragmented nature (see Sector Comparison section) complicates sustained outperformance. Investors should prioritize risk management, using the 0.58–0.61 range as a dynamic support zone. Meanwhile, the sector leader, Netflix (NFLX), dipped 0.0457% today, highlighting streaming sector volatility. For now, ANGH’s momentum appears speculative—watch for a pullback or a breakout above 0.663 to validate the rally.