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Al-Ahly stock stays above support levels
The Saudi National Bank's stock rose, maintaining vital support above 36.90 SAR, amid technical fluctuations with a bearish tendency, as descending highs and lows form and positive momentum diminishes. The stock is approaching an important resistance level at 39.18 SAR, which, if broken and sustained above, could push it toward targets between 39.99 SAR and 41.16 SAR, with potential extensions of the positive movement to 42.34 SAR and 43.40 SAR. If trading remains below 37.90 SAR, the likelihood of continued downward-sloping volatility increases, with a possibility of testing lower support levels. Historically, in 2026, the stock experienced a strong performance before facing selling pressures that limited its previous gains.
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