Lifa Insurance shares at support levels

Lieva Insurance Company's stock shows noticeable technical movements and is testing key support levels after a wave of gains targeting important resistance points. After successfully surpassing the 14.00 riyal level, this boosted buying momentum and pushed the price toward 15.40 riyals. It then tested a support wave around 14.90-14.96 riyals and rebounded to close near 15.20 riyals. Technical details indicate that maintaining the support level at 14.53 riyals is essential for continued upward movement, with expectations of testing resistances at 15.39 and 15.75 riyals, and confirming an uptrend upon breaking through 16.30 riyals. Historically, the stock started 2026 near its all-time low of 9.82 riyals, but its performance began to improve after breaking through important resistances, amid expectations of testing higher levels in the future.

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