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Malath Insurance tests resistance in 2026
Al Rajhi Insurance Company's stock is approaching the test of key resistance levels within a sideways trading range during 2026. It is nearing resistance at the 10.57 Riyal level, which is a decisive point in determining the stock's future direction. After confirming a support level at 9.80 Riyal, it is necessary to close above the resistance level with two consecutive candles to support a potential upward movement toward 10.80 to 11.15 Riyals. Conversely, if trading continues below the resistance, the stock will remain in a sideways path. It is worth noting that the stock's price performance throughout the year has mostly been sideways and trending downward, with attempts to establish a new price base to enhance prospects for future recovery.
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