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Sadayco's stock tests support amid decline
Saudi Sadafco Dairy and Food Company’s stock is experiencing a noticeable downward wave, testing key support levels around 182.40 SAR. Technical indicators suggest strong bearish momentum and continued selling pressure. If the stock closes below this support, it may head towards lower levels between 176.30 SAR and 169.10 SAR. Conversely, regaining above 192.40 SAR could help reduce selling pressures and halt the decline. Historically, the stock started 2026 with sideways movement, then entered a downtrend after breaking a major support level. A correction attempt in March failed to restore the bullish trend. Currently, breaking above the resistance at 233.10 SAR is necessary to resume an upward trajectory.
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