14 Hrs
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Banan Share Tests Resistance Levels
Banan Real Estate Company’s stock is testing key resistance levels and showing positive technical indicators after a series of sharp declines. It has successfully broken above the downtrend line that has persisted since April 2026. Additionally, a positive divergence has appeared on the Relative Strength Index (RSI), indicating a potential reversal in trend and the beginning of a recovery for the stock. It is expected to target levels between 3.33 and 3.40 riyals, with the possibility of reaching 3.50 riyals if positive momentum continues, provided it remains above the support level of 3.14 riyals. This shift follows the stock’s decline last year to a low of 2.85 riyals and is supported by the formation of a price base for a rebound after significant declines since the beginning of 2026.
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