Mutawwara stock drops below key support

The stock of the Saudi Advanced Industries Company has experienced sharp declines due to breaking through important technical support levels, leading it into a bearish trend aimed at establishing lower price levels. Technical analysis indicates the continuation of the negative performance, as trading below the 14.20 riyal level has strengthened selling pressures. Expectations are set for targets around 12.51 to 12.0 riyals, with nearby resistance at 13.50 riyals. Data shows that buying momentum has decreased, and the overall trend of the stock still favors downward movement, following a failed attempt to resume the upward trend at the beginning of 2026.

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