Al-Majid Al-Oud share enters technical stability phase
Shares of Al Majed for Oud have been trading within a sideways range since July 2026, following sharp declines that began in June. The market is tense, awaiting a breakthrough of the technical resistance level at 123.70 SAR, which is a key condition for improved performance and targeting levels between 126.50 and 128.40 SAR, possibly more if upward momentum continues. Staying above the main support at 119.80 SAR enhances the chances of stabilization, while falling below this level could prolong the oscillation and limit short-term upward movements.
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