69 Days
Source:
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Glass stock faces key resistance on strong buying
The share of National Glass Industries ("Z glass") is attempting to test a key resistance level at 37.50 SAR amid a noticeable improvement in trading volume and buying momentum. A breakout above this level would require a close higher than it along with active trading to confirm the upward push, which could drive the price toward levels between 38.42 and 39.84 SAR. Surpassing the supply zone between 40.75 and 41.62 SAR would be considered a positive signal that may open the door for further gains. Conversely, falling below 36.18 SAR could impact the prospects for continued upward movement and lead to a flexible correction. Since the start of 2026, the stock has been moving within a major downtrend, confined to a sideways range between 33.32 and 39.85 SAR, with the ongoing balance between supply and demand maintaining the downward trend so far.
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