Masar stock faces key resistance levels

A technical report warns that the stock of Om Al-Qura Development and Reconstruction Company (Masar) is testing an important resistance level around 17.45 Riyals. Expectations are that it could break through this level if technical support and positive indicators continue, especially with a positive crossover signal on the MACD indicator and the stock remaining above the 9- and 21-day exponential moving averages. If the stock successfully breaks the resistance and stays above it, it might target price levels of up to 17.90 Riyals, possibly exceeding that to 18.40–18.80 Riyals, with ongoing momentum depending on trading volume. The stock previously experienced declines in 2026, and the 19.90 Riyals level represents an important target in the medium term. Meanwhile, the 17.00 Riyals level remains a critical support to stop losses if the trend reverses; a breach of this support could shift the scenario into sideways or downward paths.

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