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Sadr seeks to set price base amid sell-offs
Shares of Sadara Logistics Services Company have been attempting to stabilize and support their price at key support levels following significant declines in July. The stock is working to establish a stable base near the support level of 2.47 Riyals, while remaining above its 50-day moving average, which indicates signs of gradual improvement in the short term. The overall trend remains downward, but maintaining the level of 2.56 Riyals and staying above it opens the possibility of temporary increases toward 2.62-2.67 Riyals. Close monitoring of the support level at 2.50 Riyals is essential, as a break below this could lead to further declines. At the beginning of 2026, the stock bounced from the 2.50 Riyal support to 2.95 Riyals but continued to decline amid ongoing selling pressures, with attempts to rebound that failed to break the resistance at 2.95 Riyals, reflecting a struggle between buying and selling forces.
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