Redan stock tests 16.75 Riyals resistance

The share of Radan Food Company is testing the resistance level of 16.75 SAR after recording an upward price gap. It has been trading within a sideways range since last September, between support at 15.37 SAR and resistance at 17.67 SAR. If the stock stabilizes above 16.75 SAR with increased trading volumes, it may target the 17.15 SAR level, suggesting a potential breakthrough of resistance and reaching 18.05 SAR. In the long term, the stock is moving sideways after a decline since the beginning of 2026, with a key support at 13 SAR. Breaking below support levels would threaten a further decline within the current range.

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