Electrical Industries shares face resistance amid price swings
The share of the Electric Industries Company in the Saudi market experienced noticeable fluctuations, as it is attempting to regain its technical balance and is testing important resistance levels around 15.40 Riyals. Following sharp declines that led to breaking the main support level at 14.60 Riyals, technical signals indicated a rebound with upward gap openings, which enhances the chances of resuming the upward trend if it can stay above resistance and surpass the areas of 15.77 Riyals and 16.00 to 16.32 Riyals. In 2026, the stock began a strong upward move, reaching an all-time high of 19.62 Riyals, but it recently underwent a sharp decline. Currently, it is in a phase of trying to regain stability after losing support at 14.55 Riyals.
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