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مباشر
Al-Aqaria stock tests key support amid sell-off
The share of the Saudi Real Estate Company experienced strong technical declines during August, breaking the upward channel it had been moving within since March 2026. It fell below the 50-day moving average, reflecting increased selling pressure and a decline in buying momentum. Currently, the stock is testing a significant support level at 14.95 Riyals, and holding above this level is essential to maintain prospects for stabilization and rebound. Conversely, a break below this support could push the stock to test a second support at 14.44 Riyals. In the short term, a key resistance is located at 15.45 Riyals; staying above this level could support a potential upward movement toward 15.78-16.04 Riyals, possibly reaching 16.40 Riyals if buying momentum improves. After a positive performance early in the year, the stock experienced fluctuations and a loss of upward momentum following the breach of the rising channel in August. As a result, current support and resistance levels are being closely monitored by investors.
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