Enaya shares face technical hurdles amid recovery efforts
The share of Care Saudi Cooperative Insurance Company has been experiencing fluctuations during trading sessions, entering a phase of technical consolidation after its recent attempted recovery. It is currently moving within a sideways range between a key support level at 8.50 riyals and an important resistance at 12.28 riyals. Its failure to settle above 10.72 riyals might push the stock back to decline toward the 10.00 riyal level, while success in holding above 10.72 riyals could allow it to advance to higher levels between 11.20 and 11.47 riyals. Since the beginning of 2026, the stock started around 6.40 riyals, delivered a positive performance in the first quarter, but then retreated in the second half amid selling pressures. Overall, cautious expectations about its future remain based on the main support and resistance levels.
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