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Jaz share stays on rise, eyes key resistance
The stock of Jazan Arab Services Company is in a noticeable state of technical stability within an upward channel since March 2026, with the stock able to remain above the main support level at 14.85 riyals. Technical analyses anticipate the stock to continue its upward movement toward a breakout above the 16.38 riyal level, which is a psychological barrier and an important resistance point, supported by active trading volume. If the stock successfully surpasses the resistance levels at 16.77 and 17.22 riyals, it is headed towards higher levels at 17.52 and 18.18 riyals, while strong support at 15.79 riyals prevents further decline. The improvement in technical performance came after a wave of decline in 2025, followed by an internal accumulation phase with the emergence of rising lows, which reinforced a positive short-term outlook and target higher levels.
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