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معلومات مباشر
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2026-08-24T13:23:47.687Z

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'Sinaat' tests critical support levels

'Sinaat' tests critical support levels

The share of Advanced Building Industries ("Industries") is currently experiencing a significant technical phase characterized by attempts to rebound from key support levels. Despite ongoing selling pressure and trading within a secondary downward trend, there is a noticeable positive divergence in the Relative Strength Index (RSI), indicating a slowdown in the bearish momentum and the potential for a future rally, provided it remains above the 28.20 riyals level and manages to break through the resistance at 28.95 riyals. Throughout 2026, the stock experienced sharp fluctuations, starting with a positive trend in January, followed by selling pressure that led to a break below the upward trend line. It then moved sideways between 26.30 and 84.85 riyals. The stock weakened again during May and June, approaching the main support at 26.30 riyals, reflecting a state of volatility and posing a challenge to establish a new price base.

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