BCI share steadies above support levels

The share of the Basic Chemicals Industries Company (BPC) has shown technical consolidation above the key support level of 23.47 riyals, despite its fluctuations since the beginning of 2026. The recent breakout above the descending trendline and the resistance at 24.29 riyals are positive signals, provided that trading volumes increase to strengthen the prospects of upward movement toward 24.90-25.00 riyals, with higher levels potentially reaching 26.20 riyals. However, risks remain if prices break below the support at 23.33 riyals, which could amplify selling pressures and lead to a sharp decline in the stock. Overall, the stock's performance reflects a weakening buying momentum despite attempts to stabilize above key support and resistance levels.

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