Al-Ta'amir's stock tests 16.89 riyals resistance

The Riyad Housing Company’s stock has experienced a noticeable rise accompanied by intense buying momentum, currently testing the resistance level at 16.89 SAR. It is expected that if the stock successfully breaks above this level and stays above it, the upward trend will continue, with initial targets at 17.30 and 17.75 SAR, and potentially extending to 18.37 and 18.74 SAR if buying pressure persists. Conversely, a break below 16.21 SAR would indicate a possibility of decline and increased selling pressure on the stock. Since the beginning of 2026, the stock has been in a downward trend from a level of 22.80 SAR. The support and resistance levels have shifted as selling pressure continues, and now the stock needs strong buying momentum to confirm the continuation of the upward movement.

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