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"Influence" stock rebounds on stronger demand
Nefouq Food Products Company’s stock has recently demonstrated notable positive movements, successfully maintaining an upward price rebound supported by strong buying flows. The stock surpassed the 6.50 riyal level, which boosted buying momentum and propelled the price towards a technical target of 7.14 riyals, while currently stabilizing around 7.00 riyals. Technical analyses indicate that continued trading above 7.14 riyals could open prospects for reaching areas between 7.40 and 7.58 riyals, and potentially higher between 7.80 and 8.00 riyals, with the need to protect profits at the 6.70 riyal level. The stock remains within a bearish trend since its listing in January 2026, after reaching a high of 10.40 riyals, followed by a decline to a low of 5.77 riyals in August. However, it has begun attempts at recovery and forming a new price base.
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