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Al Arabiya's stock reaches historic low
The Arab Technical Commitments Company stock hit a historic low of 63.00 SAR, amid a continued downward trend and increasing selling pressures, after losing key support levels and experiencing a decline in buying momentum. Technical analyses indicate that the downward strength is likely to persist, with the ADX indicator rising to reflect ongoing momentum. Since the beginning of 2026, the stock was trading within an ascending price channel before showing signs of weakening momentum around mid-year, which led to a break below the channel and the formation of lower highs, culminating in the historic low in August. If trading remains below this low, downward pressures may push the stock towards 61.05 SAR. The first resistance level is at 66.80 SAR; surpassing this could open the door to higher levels at 68.45 and 70.05 SAR, provided buying momentum returns and the stock remains above these levels.
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