13 Hrs
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Facilities share climbs on improving signals
The share of Maizeer Electricity and Water Company in Jubail and Yanbu has shown a positive performance in recent trading sessions, surpassing the important resistance level at 42.80 SAR, which led to it extending towards a target of 46 SAR—something that has already been achieved. Technical analysis reveals that this breakout marks a turning point in the stock's performance after a predominantly downward trend in 2026, during which it hit a low of 26.84 SAR in March before recovering and forming reversal patterns supported by increased trading volume. The upward momentum is expected to continue as long as the price remains above the support level of 43.88 SAR, with the potential for the stock to reach higher levels between 47.22 and 52.10 SAR, provided positive liquidity flows and stable trading conditions persist.
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