Al-Drees' share hits resistance amid higher volumes

The share of Al Drees Petroleum Services and Transportation Company experienced volatile performance during 2026, facing a key resistance at 118.10 SAR and coming under downward pressure that led to a decline to support levels between 112 and 109 SAR. The stock succeeded in breaking through resistance at 124.60 SAR in March but then retreated again, with ongoing anticipation of regaining positive momentum and maintaining key support zones. The movement of the stock depends on its ability to stay above 115.20 SAR, as technical analysis indicates that success in doing so could open opportunities for potential upward moves reaching 126.70 SAR. Conversely, breaking below the support level at 109 SAR would dampen prospects for an increase and increase the chances of a decline toward lower support areas.

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