Riyadh stocks near key resistance
Al Rajhi Bank's stock is approaching a significant resistance level near 20.64 SAR, after some sideways trading since June 2026, which reflects a balance between buying and selling forces. Technical analyses indicate that a breakout above this resistance through a daily close, accompanied by increased trading volume, could push the stock toward price targets between 21.11 and 21.48 SAR, with the possibility of reaching 22.00 SAR if momentum continues. The stock needs to break above the 21.70 SAR level to resume its long-term upward trend. While the overall bias remains positive, fresh buying momentum is required to confirm ongoing technical improvement.
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