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BIWAN share declines amid slowdown signs
Puawan Company’s stock is heading toward further secondary decline, as it continues to decrease after breaking the main support level at 36.82 riyals, affected by ongoing selling pressure since the beginning of 2026. Despite the price retreat, technical indicators such as the RSI show a positive divergence, indicating weakened selling momentum, which increases the likelihood of a technical rebound if supported by a favorable price action and a breach of specific technical levels. Currently, the price is expected to stabilize around 34.58 riyals, and success in breaking through the 35.38 riyals level, supported by strong trading activity, could open the door to a temporary rise. Conversely, if the decline continues below 33.38 riyals, the stock may face further pressure and deepen the downward trend.
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