Ades's stock rises despite mixed signals
The shares of Addis Holding Company maintain their primary upward trend since August 2025, despite trading within a sideways range since last March, fluctuating between support at 15.90 riyals and resistance at 19.92 riyals. The stock's performance reflects potential continuation of the upward trend if it maintains important support levels, especially above 18.42 riyals, with technical indicators showing mixed signals between positive momentum and potential weakness. If the stock stabilizes above 17.79 riyals, it may resume its rise toward previous resistance levels, while breaking below this level could increase the likelihood of a decline toward a lower support zone.
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